home / study / business / accounting / accounting questions and answers / On January 1, 2018, Lyle's Limeade Issues 4%, 10-year Bonds With A Face Amount Of $90,000 For ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: On January 1, 2018, Lyle's Limeade issues 4%, 10-year bonds with a face amount of $90,000 for $82... On January 1, 2018, Lyle's Limeade issues 4%, 10-year bonds with a face amount of $90,000 for $82,985, priced to yield 5%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2018, annual income statement?