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plz help!!! The next 3 questions use the following data: On January 1,2015, Y. Knott Inc. issued $100,000 in bonds payable with an interest coupon

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The next 3 questions use the following data: On January 1,2015, Y. Knott Inc. issued $100,000 in bonds payable with an interest coupon of 10%. Since the market rate of interest was close to 12%,Y. Knott had to issue the bonds at 94 (that is, the cash received was 94% of face amount). The bonds pay annual interest on January 1st of each year starting 1/1/2016 and principle is due in full on 1/1/2018. The company uses the straight-line method to amortize bond discounts and premiums. The journal entry to record the issuance of the bonds includes a: Debit to Premium on Bonds Payable Debit to Retained Earnings Debit to Discount on Bonds Payable None of the other answers are correct On January 1,2015, Y. Knott Inc. issued $100,000 in bonds payable with an interest coupon of 10%. Since the market rate of interest was close to 12%,Y. Knott had to issue the bonds at 94 (that is, the cash received was 94% of face amount). The bonds pay annual interest on January 1st of each year starting 1/1/2016 and principle is due in full on 1/1/2018. The company uses the straight-line method to amortize bond discounts and premiums. How much cash did Y. Knott Inc. receive when it issued the bonds? On January 1,2015,Y. Knott Inc. issued $100,000 in bonds payable with an interest coupon of 10%. Since the market rate of interest was close to 12%, Y. Knott had to issue the bonds at 94 (that is, the cash received was 94% of face amount). The bonds pay annual interest on January 1st of each year starting 1/1/2016 and principle is due in full on 1/1/2018. The company uses the straight-line method to amortize bond discounts and premiums. What dollar mount of Interest Expense did Y. Knott Inc. show on the Income Statement in 2015 related to the bonds

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