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Presented below are two independent situations. Question 2 Accounting Dropdo (a) Teal Co. sold $1,820,000 of 12%, 10-year bonds at 104 on January 1, 2020.

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Presented below are two independent situations. Question 2 Accounting Dropdo (a) Teal Co. sold $1,820,000 of 12%, 10-year bonds at 104 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Teal uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020. (Round answer to O decimal places, e.g. 38,548.) Question 3 Accounting Dropdo Interest expense to be recorded $ Question 4 Accounting Dropdos (b) Flint Inc. issued $610,000 of 8%, 10-year bonds on June 30, 2020, for $470,064. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Flint uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2020. (Round intermediate calculations to 6 decimal places, e s. 1.251247 and final answer to o decimal places, c.9. 38,548.) Question 5 Accounting Dropdor Viewing Questi Accounting Dropio Interest expense to be recorded Question 7 Accounting Dropdow e Textbook and Media Questions Accounting M Savolo Later Attempts: 0 of 3 used Submit Antwer

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