Samosa, Inc issues corporate bonds with the following information. Samosa, Inc Bond Issuance Par Value Term Description Contract Interest Rate Market Interest Rate Issue Price 100,000 3 years 2% 2% 100 Data

Is this bond issued at par value, at a discount, or at a premium?

This bond pays interest semi-annually. How many total interest payments will be made?

What is the amount of each semi-annual interest payment?

How much cash will Samosa receive when one bond is issued?

If there is a discount or premium, how much is it?

If there is a discount or premium, how much will be amortized with each interest payment?

How much interest expense will be recorded each time a semi-annual interest payment is made?

Prepare the journal entry to record the issuance of one bond.

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Prepare the journal entry to record the semi annual interest payment on one bond.

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Prepare the journal entry to retire the bond.

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Samosa, Inc issues corporate bonds with the following information