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Please do every single one. I am not sure if my answers are correct. Thank you! Computing Amounts under Effective Interest and Straight-Line Interest Methods

Please do every single one. I am not sure if my answers are correct. Thank you!

Computing Amounts under Effective Interest and Straight-Line Interest Methods

For the following separate bond issues, assume that the bonds are sold on January 1, 2020, interest is paid semiannually on July 1 and December 31, and the bond term is 5 years. Complete the following schedule by measuring the bond selling price on January 1, 2020, and interest expense and interest paid for 2020.

  • Note: Round your answers to the nearest whole dollar.

Case Face Value of Bonds Stated Rate Market Rate Amortization Method Bond Selling Price Interest Expense 2020 Interest Paid 2020
1 $10,000 5% 6% Effective interest Answer Answer Answer
2 40,000 4% 5% Effective interest Answer Answer Answer
3 130,000 5% 4% Straight-line Answer Answer Answer
4 500,000 0% 7% Straight-line Answer Answer Answer
5 80,000 7% 6% Effective interest Answer Answer Answer
6 100,000 6% 8% Straight-line Answer Answer Answer

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