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Capney Company sold $210,000 of bonds on July 1, 2022. A portion of the amortization table appears belon Cash Payment Interest Expense Discount on Bonds

image text in transcribed Capney Company sold $210,000 of bonds on July 1, 2022. A portion of the amortization table appears belon Cash Payment Interest Expense Discount on Bonds Period 12/31/23 600/24 12/31/24 Required: (Credit) (Debit) Payable (Credit) Discount on Bonds Payable Balance Carrying Value 18.820 89,417 $597 $4,678 $205,322 8620 3,445 625 4,053 205,947 1. Indicate the stated interest rate on these bonds. Round your answer to one decimal place. 2. Calculate the effective annual interest rate on these bonds. Round your answer to one decimal place. 3. Determine the interest expense and discount amortization for the interest period ending December 31, 2024, 11 required, round your answers to the nearest whole dur Cash Payment Interest Expense Discount on Bonds Discount on Bonds Payable Period (Credit) 12/31/23 10,820 6/30/24 8.820 (Debit) 19.417 9,445 Payable (Credit) Balance Carrying Value $597 $4,678 625 4,053 $205,322 205,947 12/31/24 4. Determine the liability balance after the interest payment is recorded on December 31, 2024. If required, round your answer to the nearest whole dollar

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