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please answer the following requirements 1-3 Sciamarna Corporaton issued $750,000 of 12%, 10 -year bonds payable on January 1,2022 The market interest tate at the
please answer the following requirements 1-3
Sciamarna Corporaton issued $750,000 of 12%, 10 -year bonds payable on January 1,2022 The market interest tate at the date of iswance wis 10%, and the bonds pay inferest semiannualy (o as followe: (Cick the icon lo view the amorititition schedule.) Read the 1. How much eash did Soiamanna Corporation bontow on January 1, 2022 . How much cash wil Sciamanna Corporation pay back at maturtyn On January 1,2022, Sclamanna borrewed At maturity seiamanna will pay back Reference Requirements Use the amortization table for Sciamanna Corporation's bonds to answer the following questions: 1. How much cash did Sciamanna Corporation borrow on January 1, 2022? How much cash will Sciamanna Corporation pay back at maturity? 2. How much cash interest will Sciamanna Corporation pay each six months? 3. How much interest expense will Sciamanna Corporation report on June 30, 2022, and on December 31, 2022? Does the amount of interest expense increase or decrease each period? Why Step by Step Solution
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