BUS 305-01 Sp18 /Chapter 10 Homework Question 1 wone Company issued $900,000 of 10%, s-year bonds at 108. Interest is paid annually, and the effective interest method is used for amortization. Assume that the market rate for similar investments is 8%. The bonds are issued on the date of the bonds. What amount was received for the bonds? Amount received How much interest is paid each interest period? Interest pald What is the premium amortization for the first interest period? Premium amortization How much interest expense is recorded on the first interest date? Interest expense recorded What is the carrying value of the bonds after the first interest date? Carrying value of bonds s Question Attempts: O of 2 used