A partial bond amortizan schedule for $1.84 million- 5 year bond is presented below

Interest payment interest expense Discount Amortization Carrying Amount of Bonds

$36,800 $44,687 $7,887 1,787,488

$36,800 $44,884 $8,084 1,795,375

1,803,459

-whats the face value?

-whats the bonds contractual interest rate? The market interest rate?

-Prepare the journal entries for the first two interest payments