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Question 8 1 pts Face value of each bond- $1,000 Total bond issue-- $1,000,000 Term------ -10 years Stated rate- --8% Market rate on date of issue -10% Date of issue--- 6/30/06 Interest paid-- --semiannually Interest payment dates- -6/30 and 12/31 The company uses the effective interest method in accounting for bonds. Use the tables in Appendix E in the back of the text. What were the proceeds from the issuance of the bonds? $ 875,378 $1,134,198 $ 900,000 $ 999,997 $1,000,000 Question 9 1 pts Face value of each bond--- $1,000 Total bond issue---- $1,000,000 Term----- -10 years Stated rate -8% Market rate on date of issue--- 10% Date of issue- --6/30/06 Interest paid- -semiannually Interest payment dates- -6/30 and 12/31 The company uses the effective interest method in accounting for bonds. Use the tables in Appendix E in the back of the text. What was the interest expense for 2006 related t these bonds? $43.769 $40,000 $80,000 $50,000 $87,538 Question 10 1 pts Face value of each bond- $1,000 Total bond issue- $1,000,000 Term--- -10 years Stated rate -8% Market rate on date of issue 10% Date of issue -6/30/06 Interest paid--- -semiannually Interest payment dates- -6/30 and 12/31 The company uses the effective interest method in accounting for bonds. Use the tables in Appendix E in the back of the text. What was the interest expense for 2007 related t these bonds? $100,000 $ 40,000 $ 88,112 $ 80,000 $ 87.538 Question 3 1 pts During 2013 Jamin Co had credit sales of $1,350,000. Based on experience, 2% of Jamin's credit sales are expected to be uncollectible. If the balance in the Allowance for Uncollectible Accounts account before year-end adjustment was $9,000 credit, what is the balance after adjustment? $19,000 $18,000 $9,000 $36,000 $27,000