Brief Exercise 10-14 Green Hills Ltd. issued five-year bonds with a face value of $140,000 on January 1. The bonds have a coupon interest rate of 5% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 4% when the bonds were issued at a price of 113 Your answer is correct Using above information, determine the proceeds received by the company when the bonds were issued Proceeds from issue of the bonds 158200 LINK T X correct Your answer Determine the interest expense recorded for the six months ending June 30 when the first interest payment is made. Interest expense 3164 $ LINK T X Your answer is incorrect. Try again Determine the balance in the Bonds Payable account immediately following the first interest payment. Balance in bonds payable account $