ch9 long term liabilities

Chapter 9: Long-Term Liabilities NW company issues 636 3year bonds with a total face amount of 51.000.000 with interest paid semi-annually. The market rate of terest is 6.1 5 3 10 10 600 GION 30 3.05 PV 0.74726 0.74374 074409 0.74049 PVA 42124 4.2009 8 5302 8 5085 What is the issue price of the bond? 2 Record the issuance of the bond Debit Credit What was the amount of the premium or discount? 3. What is the interest expense for the first interest payment? 4 What is the bond liability after the first interest payment? 5 What is the interest expense for the second interest payment