Ch Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. At the beginning of 20x9, Harry issues $150,000 of 8%, 10-year bonds. On January 1, 20x9, the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 12. Harry pays interest on the bonds semi-annually. Harry uses the straight-line method to allocate interest expense. 1. What are the Harry's cash proceeds from issuance of these bonds, presuming that the selling price is 87 ? 2. How much bond interest expense will be recognized over the life of these bonds? 3. How much bond interest expense will Harry record on the first interest payment date? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What are the Harry's cash proceeds from Issuance of these bonds, presuming that the selling price is 87 ? Cash proceeds red Required 2 > 9 of 11 Next > Saved Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Sta MD. At the beginning of 20x9, Harry issues $150,000 of 8%, 10-year bonds. On January 1, 20x9, the issue date, the annual market rate for these bonds is 10%, which imples a selling price of 87 12. Harry pays Interest on the bonds semi-annually. Harry uses the straight-line method to allocate interest expense. 1. What are the Harry's cash proceeds from issuance of these bonds, presuming that the selling price is 87 ? 2. How much bond interest expense will be recognized over the life of these bonds? 3. How much bond interest expense will Harry record on the first interest payment date? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required How much bond interest expense will Harry record on the first interest payment date? Bond interest expense Required a G V B N