eBook Show Me How food Interest Payments and interest Expense (Effective Interest) On January 1, 2023, Hawthome Corporation issued for $104,330, 5-year bonds with a face amount of $100,000 and a stated (or coupon) rate of 6%. The bonds pay testy and act terest rate of 5%. Assume Hawthorne uses the effective interest rate method. Required: 3. Prepare the entry to record the sale of the bonds. If an amount box does not require an entry, leave it blank 20331 Bonds Payable Record nuance of bonds at premium 1. When bed, any presum or decourt is recorded in a separate valuation account. Cande de out of it payments for the bonds Check My Wik consider the principal, the annual interest rate and the time period. Previous Next