. Garcia Company issues 10% 15 year bonds with a par value of $250,000 and semiannual interest payments on the issue date, the annual market rate for these bonds is 8%, which imples a selling price of 117 14. The effective interest method is used to allocate interest expense 1. Using the implied selling price of what are the issuer's cash proceeds from Issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life or these bonds? 3. What amount of bond Interest expense is recorded on the first interest payment date? Answer is not complete. Complete this question by entering your answers in the tabs below. Requindi Sequired 2 Required Using the implied selling price of 117 what are the stuercash proceeds from Issuance of these bonds? S 73.125 Required 2 > Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indic 1. Garcia Company issues 10%, 15 year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implles a selling price of 117 . The effective interest method is used to allocate Interest expense 1. Using the implied selling price of 1171, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond Interest expense will be recognized over the life of these bonde? 3. What amount of bond interest expense is recorded on the first interest payment date? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required What total amount of bond interest expense will be recognized over the life of these bonds? Total Blond Interest Expense Over Life of Bonds: Amount repud 30 payments of 12 500 375.000 Par vaknat maturity 250,000 Total payments 625 000 Les amount borrowed from part 1) Total bond interest expense $ 25,000 Garcia Company issues 10%, 15 year bonds with a par value of $250.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 17 4 The effective Interest method is used to allocate Interest expense 1. Using the implied selling price of 1714, what are the issuer's cash proceeds from issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What amount of bond interest expense is recorded on the first interest payment date? Answer is not complete Complete this question by entering your answers in the tabs below. Required Required Required What amount of bond interest expense recorded on the first interest payment date?
