Stanford issues bonds dated January 1, 2019, with a par value of $248,000. The bonds annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $229,115. 1. What is the amount of the discount on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds?

3. Prepare an effective interest amortization table for these bonds.

Required 1: What is the amount of the discount on these bonds at issuance?

Discount

?

Required 2:

How much total bond interest expense will be recognized over the life of these bonds?

Total Bond Interest Expense Over Life of Bonds:
Amount repaid:
?	payments of	$????	$52,080
Par value at maturity			248,000
Total repaid			300,080
Less amount borrowed			229,115
Total bond interest expense			$70,965

Required 3:

Prepare an effective interest amortization table for these bonds. (Round all amounts to the nearest whole dollar.)

Semiannual Interest Period-End	Cash Interest Paid	Bond Interest Expense	Discount Amortization	Unamortized Discount	Carrying Value
01/01/2019				$18,885	$229,115
06/30/2019	$8,680	$11,456
12/31/2019	8,680
06/30/2020	8,680
12/31/2020	8,680
06/30/2021	8,680
12/31/2021	8,680	8,680	0
Total	$52,080	$70,965	$18,885

Not sure if those are correct ^^^^