QS $10-9($Algo$)$ Straight$-$Line: Discount bond computations LO P$2$

Emiro Company iswes $8\%,10-$year bonds with o par value of $$270,000$ and semiannual interest payments. On the issue date, the

annual market rate for these bonds is $104,$ which implies a selling price of $87\sqrt[\phantom{2}]{2}.$ The straightline method is used to allocate interest

expense.

What are the issuer's cash proceeds from issuance of these bonds?

What total amount of bond interest expense will be recognized over the life of these bonds?

What is the amount of bond interest expense recorded on the first interest payment date?

Complete this question by entering your answers in the tabs below.

What are the issuer's cash proceeds from insuance of these bonds?

Note: Round final answer to the nearest whole dollar ambunt.

Cash proceeds

What total amount of bond interest expense will be recognized over the life of these bonds?

Note: Round final answers to the nearest whole dollar amount.

Total Bond Interest Expense Over Lite of Bonds:

Amount repaid:

What is the amount of bond interest expense recerded on the frot interent payment date?

Note: Round final answer to the nearest mhole dollar amoune.