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Hello i am trying to find out how to find the answer to discount on bonds payable. please and thank you. C Get Homework Help

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Hello i am trying to find out how to find the answer to discount on bonds payable. please and thank you.

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C Get Homework Help With Cheg X Connect 6 C 0 i ezto.mheducation.com myPay Web Site EKU myMail My EKU (EKU Direct... @ EKU Blackboard Portfolio | Robinhood Welcome! Welcome to K-Deal... ' Yamaha Dealer Sysl... (9' BOSSWeb Homework Week 8 0 Saved Help Save & Exit Submit A During Year 1 and Year 2, Kale Co. completed the following transactions relating to its bond issue. The company's fiscal year ends on December 31. 41,7 Year1 points Mar. 1 Issued $469,909 of 19 year, 6 percent bonds for $382,998t The semiannual cash payment for interest is due on March 1 and September 1, beginning September Year 1. Sept. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment 'For interest. eBook Dec.31 Recognized accrued interest expense including the amortization of the discount. Ask Year 2 Print Mar. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment for interest. Sept. 1 Recognized interest expense including the amortization of the discount and made the semiannual cash payment for interest Dec.31 Recognized accrued interest expense including the amortization of the discount. References Required a. When the bonds were issued, was the market rate ofinterest more or less than the stated rate of interest? If the bonds had sold at face value, what amount of cash would Kale Co. have received? b. Prepare the liabilities section of the balance sheet at December 31, Year 1 and Year 2. c. Determine the amount ofinterest expense Kale would report on the income statements for Year 1 and Year 2. d. Determine the amount ofinterest Kale would pay to the bondholders in Yeari and Year 2. glc raw Hill Mc Graw Hill Education

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