Student%20Textbook-Rev11-4%20(27).pdf Page view A Read aloud | Add text Draw 4. Comment on the interest percentage that results in each period. Do you think that this should remain constant from period to period? Why or why not? Problems P 10-1 Round Corporation was authorized to issue $300,000 of bonds. On January 1, 2019, the corporation issued $150,000 of bonds for $147,000. Details of the bond indenture are as follows: Interest Date of authorization Term rate Interest payment dates January 1, 2019 3 years 12% Semi-annually on June 30 and December 31 Required: 1. Calculate a. The amount of interest paid every interest payment date b. The amount of amortization to be recorded at each interest payment date (use the straight-line method of amortization). 2. Calculate actual interest expense for each six-month period. CHAPTER TEN/Debt Financing Bonds First US Edition 3. Prepare the journal entries to record the interest and amortization at June 30, 2019. 4. Prepare a partial balance sheet showing the bond liability and W