U nalks Window Help 100% 6 Sat 123 PM a math.com Do Homework Christina Helm MGMT 210 Financial Accounting - Jan 2020 - Online Chrystina Hjelm & I 03/07/20 3:22 PM Homework: 7.4 - Homework: My AccountingLab Homework 7 Score: 0 of 9 pts 13 of 13 (7 complete E12B-31 (similar to) Review the following three bonds payable assumptions: Click the loon to view the bond assumptions.) HW Score: 28.88%, 28.88 of 100 pts Question Help Journalize issuance of the bond and the first semiannual interest payment under each of assumptions. The company amortizes bond premium and discount by the effective-terest amortization method Explanations are not required. (Record debits first, then credits. Exclude explanations from any pumal entries. Round your final to the nearest whole dollar) l ance. The present of the bonds a n ce is Assumption 1. Ten year bonds payable with face value of $69.000 and stated interest rate of 14%. paid seinally. The market rate of interestis 14 $89.000. Journalize the issuance of the bonds when the market interest rate 14% Accounts Debit Credit Date Choose from any list of enter any number in the input fields and then click Check Answer Check Answer MacBook Air terest payment under each of the three assumptions. The company amortizes bond premium and disco edits. Exclude explanations from any journal entries. Round your final answers to the nearest whole doll i More Info 1. Ten-year bonds payable with face value of $89,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. The present value of the bonds at issuance is $89,000. Same bonds payable as in assumption 1, but the market interest rate is 16%. The present value of the bonds at issuance is $80,301. Same bonds payable as in assumption 1, but the market interest rate is 12%. The present value of the bonds at issuance is $99,226. Print Done