Bonds Payable 500,000 Use the following to answer questions 8-10 Raymond Company issued bonds with a $200,000 face value on January 1, 2016. The five- year term bonds were issued at 97 and had a 7 % stated rate of interest that is payable in cash on December 31st of each year. Raymond amortizes the bond discount using the straight-line method. Based on this information