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Exercise 9-54 (Algorithmic) : Completing a Debt Amortization Table. (Straight Line) '. Cagney Company sold $180,000 of bonds on December 31, 2011. A portion of

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Exercise 9-54 (Algorithmic) : Completing a Debt Amortization Table. (Straight Line) '. Cagney Company sold $180,000 of bonds on December 31, 2011. A portion of the amortization table appears below}: Period Cash Interest Discount Discount Carrying Payment Expense on Bands on Bonds Value (Credit) (Debit) Payable Payable (Credit) Balance At issue $8,000 $172,000 6/30/12 $12,000 $12,800 $800 7,200 $172,300 12J'31/12 12,000 12,800 800 6,400 173,600 6/30/13 ? 9 ? ? ? 1. Determine the stated interest rate on these bonds. Round your answer to the nearest whole. 1% 2. Calculate the interest expense and the discount amortization for the interest period ending June 30, 2013. i I 3 Interest expense $ iDiscountamortization g; 3- Calculate the liability balance shown on a balance sheet after the interest pavment is recorded on June 30, 2013. 9 Che = 0 Type here to search CapSL Lack

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