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please help me with both questions, its not the highlighted ones On January 1,2022 , a corporation issued $500,000,6%,10-year bonds for $581,771. The bonds pay
please help me with both questions, its not the highlighted ones
On January 1,2022 , a corporation issued $500,000,6%,10-year bonds for $581,771. The bonds pay interest semiannually on June 30 and December 31 . The market rate of interest is 4%. Use the following table to prepare a bond amortization schedule and answer the first five questions. (Round your answers to the nearest \$) 1. What is the carrying value of the bond after the third interest payment is made on June 30,2023 ? A. $571,543 B. $575,042 C. $616,473 D. $455,000 E. $571,473 2. What is the amount of interest expense to be reported on the income statement for the year ending December 31, 2023? A. $11,429 B. $23,203 C. $30,000 D. $22,928 E. $20,000Step by Step Solution
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