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Hello, I would need help with the below: Akron Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds:

Hello, I would need help with the below:

Akron Corporation, whose annual accounting period ends on December 31, issued the following bonds:

Date of bonds: January 1, 2014

Maturity amount and date: $125,000 due in 10 years

Interest: 10 percent per annum payable each June 30 and December 31

Date sold: January 1, 2014

Straight-line amortization is used.

Provide the following amounts to be reported on the December 31, 2014, financial statements:: at par, at 98 and at 109 for the below:

Interest expense

Bonds payable

Unamortized premium or discount

Net liability

Stated rate of interest Cash interest paid

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