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Page 5 of 7 (3) On December 31, 2018, when the market interest rate is 16%. BMCC Realty issue 83,000 of 10%, 10 year bonds

Page 5 of 7 (3) On December 31, 2018, when the market interest rate is 16%. BMCC Realty issue 83,000 of 10%, 10 year bonds payable. The bonds pay interest semiannually. BMCC Realty received 62.433 in cash at issuance. Requirements 1 Record the entry for the issued of the bonds. 2 Record the interest payments for the year 2019

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