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Please answer parts A through D. On January 1st, 2016, Whale Boats Co. issued a 6 year $680,000 bond with a 2% coupon rate paid

Please answer parts A through D. image text in transcribed
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On January 1st, 2016, Whale Boats Co. issued a 6 year $680,000 bond with a 2% coupon rate paid quarterly on March 31st, June 30th, September 30th, and December 31st for $660,000. Whale Boats Co. records interest quarterly. How much cash does the firm receive on January 1st, 2016? Your Answer: Answer On January 1st, 2016, Whale Boats Co. issued a 8 year $600,000 bond with a 9% coupon rate paid quarterly on March 31st, June 30th, September 30th, and December 31st for $730,000. Whale Boats Co. records interest quarterly. What is the face value of the bond? Your Answer: Answer On January 1st, 2016, Whale Boats Co. issued a 9 year $870,000 bond with a 10% coupon rate paid quarterly on March 31st, June 30th, September 30th, and December 31st for $650,000. Whale Boats Co. records interest quarterly. What is the interest expense recorded by the firm on March 31st, 2016? Assume a straight-line method of amortizing any discount or premium. Your Answer: Answer On January 1st, 2016, Whale Boats Co. issued a 7 year $630,000 bond with a 11% coupon rate paid quarterly on March 31st, June 30th, September 30th, and December 31st for $840,000. Whale Boats Co. records interest quarterly. How much is the bond payable recorded by the firm on January 1st, 2016? Your

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