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Outono DELE Question 6 16 pts On January 1, My Corporation, Inc decides to finance a project to upgrade its computer equipment throughout the company by issuing 50 51.000, 10% 5-year bonds that pay interest semiannually on June 30 and December 31. Assume the market interest rate is 12% and My Corporation. To receives $49.000 at issuance Answer the following questions by entering the correct dollar amount Only enter numbers and comras, example: 25.000 5.000 1.000) Do not enter dollar signs or decimals. What is the face value of the bonds at issuance? What is the amount My Corporation Inc. should credit Bonds Payable for at issuance? What the amount of the discount on Bonds Pavable? What is the amount My Corporation Inc should debit Cash for at hsuance! What the amount of the seanual interest payment before considering the discount? What the amount of discount that should be amortized with each ematest payment What is the mount My Corporation should debit interest Expense for where the street payment is made What would be the ones Pavable My Cortion would report on its Bano Sheet December 31. over the bonds were On January 1. My Corporation, Inc. decides to finance a project to upgrade its computer equipment throughout the company by issuing 50 51.000, 10%5year bonds that pay interest semiannually on June 30 and December 31. Assume the market interest rate is 12% and My Corporation, Inc. receives $49,000 at issuance. Answer the following questions by entering the correct dollar amount Only enter numbers and commas, tecample: 25.000 5,000 1,000) Do not enter dollar signs or decimals, What is the face value of the bonds at issuance? What is the amount My Corporation, Inc. should credit Bonds Payable for at issuance? What is the amount of the discount on Bonds Payable? What is the amount My Corporation, Inc should debit Cash for at issuance! What is the amount of the semiannual interest payment before considering the discount? What is the amount of discount that should be amortized with each semiannual interest payment? What is the amount My Corporation, Ine should debit interest Expense for when the first semiannual interest Bayment is made What would be the Bonds Payetle banor My Corporation, Inc. Would report on its Balance Sheet at December 31. one year after the bonds were issued? Outono DELE Question 6 16 pts On January 1, My Corporation, Inc decides to finance a project to upgrade its computer equipment throughout the company by issuing 50 51.000, 10% 5-year bonds that pay interest semiannually on June 30 and December 31. Assume the market interest rate is 12% and My Corporation. To receives $49.000 at issuance Answer the following questions by entering the correct dollar amount Only enter numbers and comras, example: 25.000 5.000 1.000) Do not enter dollar signs or decimals. What is the face value of the bonds at issuance? What is the amount My Corporation Inc. should credit Bonds Payable for at issuance? What the amount of the discount on Bonds Pavable? What is the amount My Corporation Inc should debit Cash for at hsuance! What the amount of the seanual interest payment before considering the discount? What the amount of discount that should be amortized with each ematest payment What is the mount My Corporation should debit interest Expense for where the street payment is made What would be the ones Pavable My Cortion would report on its Bano Sheet December 31. over the bonds were On January 1. My Corporation, Inc. decides to finance a project to upgrade its computer equipment throughout the company by issuing 50 51.000, 10%5year bonds that pay interest semiannually on June 30 and December 31. Assume the market interest rate is 12% and My Corporation, Inc. receives $49,000 at issuance. Answer the following questions by entering the correct dollar amount Only enter numbers and commas, tecample: 25.000 5,000 1,000) Do not enter dollar signs or decimals, What is the face value of the bonds at issuance? What is the amount My Corporation, Inc. should credit Bonds Payable for at issuance? What is the amount of the discount on Bonds Payable? What is the amount My Corporation, Inc should debit Cash for at issuance! What is the amount of the semiannual interest payment before considering the discount? What is the amount of discount that should be amortized with each semiannual interest payment? What is the amount My Corporation, Ine should debit interest Expense for when the first semiannual interest Bayment is made What would be the Bonds Payetle banor My Corporation, Inc. Would report on its Balance Sheet at December 31. one year after the bonds were issued