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Face Value 375,000.00 Market Rate 10.00% Face Rate 14.00% Compounding 2 Semiannual Years 5 Total Periods 10 Cash Proceeds 432,913.01 Make the interest expense entry

Face Value 375,000.00 Market Rate 10.00% Face Rate 14.00% Compounding 2 Semiannual Years 5 Total Periods 10 Cash Proceeds 432,913.01 Make the interest expense entry for period # 2. Interest Expense Entry (Period # 2) DR CR Face Value 640,000.00 Market Rate 16.00% Face Rate 14.00% Compounding 2 Semiannual Years 5 Total Periods 10 Cash Proceeds 597,055.48 Make the interest expense entry for period # 2. Interest Expense Entry (Period # 2) DR CR

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