QUESTION 27 Bryant Company issued 10-year bonds on January 1, 2020, with a face value of $50,000. The bonds carry a 6% stated interest rate and pay interest semi-annually on June 30th and December 31st. The bonds were issued when the market rate of interest was 8% and sold for $43,205. Required: These bonds were sold at a b. Prepare the journal entry to record the issuance of the bond on January 1, 2020. Prepare the journal entry to record the payment of interest and the discount or premium amortization at June 30, 2020. d. Prepare the Balance Sheet Presentation at June 30, 2020. e. For each item 1. 2. and 3 indicate how each of these items will behave with each additional interest payment. Will the amount of the item increase, decrease of remain the same? 1. Cash payment for interest 2. Interest expense 3. Bond book value At maturity, after the last interest payment has been made, the unamortized premium or discount on the bonds will be $_ At maturity, after the last interest payment has been made he carrying value of the bonds will be $_ List two potential advantages of financing corporations through the use of bonds rather than selling shares of stock. Prepare your answers to this question on a sheet of paper to be included in scanned answers T T T Arial 3 (12pt) T-- E- 25