Kendall Corporation issued \\( \\$ 620,000 \\) of \5-year bonds payable on March 31, 2022. The market interest rate at the date of issuance was \8, and the bonds pay interest semiannually. Kendall Corporation's year-end is March 31. Review the following amortization table for Kendall's bonds: (Click the icon to view the amortization table.) Read the requirements. 1. How much cash did Kendall Corporation borrow on March 31, 2022? How much cash will the company pay back at maturity on March 31 , 2032? On March 31, 2022, Kendall borrowed cash in the amount of At maturity on March 31, 2032, Kendall will pary back cash in the amount of 2. How much cash interest will the compary pay each six months? Every wax months, Kendall will pay cash interest of 3. How much interest expense will Kendall Corporation report on September 30, 2022, and on March 31,2023 ? Why does the amount of interest expense increase each period? Kendall Corporation issued \\( \\$ 620,000 \\) of \5-year bonds payable on March 31,2022 . The market interest rate at the date o interest semiannually. Kendall Corporation's year-end is March 31. Review the following amortization table for Kendall's bonds Rea Reference Kendall Corporation issued \\( \\$ 620,000 \\) of \5-year bonds payable on March 31, 2022. The market interest rate at the date of issuance was \8, and the bonds pay interest semiannualy. Kendall Corporation's year-end is March 31. Review the following amortization table for Kendall's bonds: (Click the icon to view the amortization table.) Read the tequirements. Every six months, Kendall will pay cash interest of 3. How much interest expense will Kendall Corporation report on September 30, 2022, and on March 31, 2023 ? Why does the amount of interest expense increase each period? On September 30, 2022, Kendall will report interest expense of On March 31, 2023, Kendall will report interest expense of Why does the amount of interest expense increase each period? Interest expense increases because the as the bonds move toward maturity. I Corporation issued \\( \\$ 620,000 \\) of \5-year bonds payable on March 31,2022 . The market interest rate t semiannually. Kendall Corporation's year-end is March 31. Review the following amortization table for Ke Requirements Using the amortization table for Kendall's bonds, answer the questions below: 1. How much cash did Kendall Corporation borrow on March 31,2022 ? How much cash will the company pay back at maturity on March 31, 2032? 2. How much cash interest will the company pay each six months? 3. How much interest expense will Kendall Corporation report on September 30 , 2022 , and on March 31,2023? Why does the amount of interest expense increase each period
