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Record the entry for the issuance of the bonds on Japuary 1,202. Set up an amortization table using the eflective interest method table. Record the

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Record the entry for the issuance of the bonds on Japuary 1,202. Set up an amortization table using the eflective interest method table. Record the payment of the interest expense at duly 1. 200c2: Calculate the gain or loss on the early extinguishment of the debt (show calculations): Record the gain or loss on the early extinguishment at the applicable date. frour answer may be off for rounding. If so just state so and move on): USE PROBLEM \# 1 TO ANSWER QUESTIONS 1 THRU 7 BELOW 1.) The value (not par value) of the bond at issue date is what? 2.) At each interest payment date cash is increased or decreased: 3.) Interest expense at the SECOND interest payment date is: 4.) Amortization of the discount/premium at the THIRD interest payment date is: 5.) At the date of call the reacquisition price of the bond is what? 6.) At the date of call the journal entry required to extinguish the debt early has what impact on net income? DO NOT CONSIDER THE NORMAL JOURNAL ENTRY TO BOOK THE INTEREST AND AMORTIZATION OF THE DISCOUNTIPREMIUM. ONLY CONSIDER THE GAIN OR LOSS ENTRY. 7.) At the date of call the carrying value of the bond is what amount? Record the entry for the issuance of the bonds on Japuary 1,202. Set up an amortization table using the eflective interest method table. Record the payment of the interest expense at duly 1. 200c2: Calculate the gain or loss on the early extinguishment of the debt (show calculations): Record the gain or loss on the early extinguishment at the applicable date. frour answer may be off for rounding. If so just state so and move on): USE PROBLEM \# 1 TO ANSWER QUESTIONS 1 THRU 7 BELOW 1.) The value (not par value) of the bond at issue date is what? 2.) At each interest payment date cash is increased or decreased: 3.) Interest expense at the SECOND interest payment date is: 4.) Amortization of the discount/premium at the THIRD interest payment date is: 5.) At the date of call the reacquisition price of the bond is what? 6.) At the date of call the journal entry required to extinguish the debt early has what impact on net income? DO NOT CONSIDER THE NORMAL JOURNAL ENTRY TO BOOK THE INTEREST AND AMORTIZATION OF THE DISCOUNTIPREMIUM. ONLY CONSIDER THE GAIN OR LOSS ENTRY. 7.) At the date of call the carrying value of the bond is what amount

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