{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-08T06:17:19-04:00", "answer_date": "2024-06-08 06:17:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2459120", "url": "\/study-help\/questions\/on-january-1-year-1-young-company-issued-2459120", "question_creation_date_js": "2024-06-08T06:17:19-04:00", "question_creation_date": "Jun 08, 2024 06:17 AM", "meta_title": "[Solved] On January 1 , Year 1 , Young Company iss | SolutionInn", "meta_description": "Answer of - On January 1 , Year 1 , Young Company issued bonds with a face value of $ 1 2 8 , 0 0 0 , a stated rate of interest of | SolutionInn", "meta_keywords": "january,1,year,young,company,issued,bonds,face,value,$,2,8", "question_title_h1": "On January 1 , Year 1 , Young Company issued bonds with a face value of $ 1 2 8 , 0 0 0 ,", "question_title": "On January 1 , Year 1 , Young Company issued bonds with", "question_title_for_js_snippet": "On January 1 , Year 1 , Young Company issued bonds with a face value of $ 1 2 8 , 0 0 0 , a stated rate of interest of 1 2 percent, and a 1 0 year term to maturity Interest is payable in cash on December 3 1 of each year The effective rate of interest was 1 1 percent at the time the bonds were issued The bonds sold for $ 1 3 5 , 5 3 8 Young used the effective interest rate method to amortize the bond premium Required a Determine the amount of the premium on the day of issue b Determine the amount of interest expense recognized on December 3 1 , Year 1 c Determine the carrying value of the bond liability on December 3 1 , Year 1 d Provide the general journal entry necessary to record the December 3 1 , Year 1 , interest expense ", "question_description": "