Acme Inc., issues 5% $100,000 3-year bonds on January 1, 2021 with interest paid on June 30 and December 31. The bonds are sold on January 1, 2021. The market rate for comparable bonds is 6%. What is the amount of interest expense to be recorded in the journal entry written on June 30, 2021? Round to the nearest whole dollar. Question 16 10 pts True or False. A high debt to equity ratio indicates the likelihood a company will default on its obligations True False Question 17 10 pts An installment note has payments that are equal amounts each period. A portion of the payment is interest and the balance of the payment is a reduction of the