On January 1, 2015, Y. Knott Inc. issued $100,000 in bonds payable with an interest coupon of 10%. Since the market rate of interest was close to 12%, Y. Knott had to issue the bonds at 94 (that is, the cash received was 94% of face amount). The bonds pay annual interest on January 1^stof each year starting 1/1/2016 and principle is due in full on 1/1/2018. The company uses the straight-line method to amortize bond discounts and premiums. What dollar mount of Interest Expense did Y. Knott Inc. show on the Income Statement in 2015 related to the bonds?

The next 3 questions use the following data: Yaz Inc. retired and repaid $500,000 face value, 8% bonds payable on June 30, 2018, at 100 (face value). The unamortized discount on the bonds payable at that date was $10,000. The interest payment due on 6/30/2018, has been made and recorded. The journal entry for the retirement of the bonds payable includes a:

Group of answer choices

Credit to Bonds Payable of $500,000

Credit to Bonds Payable of $490,000

Debit to Bonds Payable of $490,000

Debit to Bonds Payable of $500,000

Yaz Inc. retired and repaid $500,000 face value, 8% bonds payable on June 30, 2018, at 100 (face value). The unamortized discount on the bonds payable at that date was $10,000. The interest payment due on 6/30/2018, has been made and recorded. What is the dollar amount of the Loss on Bond Redemption (enter as a positive number)?