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On January 1, 2022, Guerrero Rocher Company issued $150,000 of 13%, nine-year bonds payable, when the market interest rate is 16%. The bonds pay interest
On January 1, 2022, Guerrero Rocher Company issued $150,000 of 13%, nine-year bonds payable, when the market interest rate is 16%. The bonds pay interest semiannually. Use present value factor tables in F12 lecture slides for the calculations. Q13. What is the present value of the bonds at issuance? Round to the nearest dollars. $122,877 $124,877 $126,877 $128,877 QUESTION 14 Q14. What is the interest expense recognized on June 30, 2022? $10,110 $10,210 $10,310 $10,410 Q15. What is the carrying amount of the bonds payable on Dec. 31, 2022? $130,042 $132,042 $134,042 $136,042
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