U Question 1 10 pts On July 1, 2020, Geranium Company issued a $40,000, six-year, 6% bond payable interest payable each December 31 and June 30, so semiannual). Required: A. For the three assumptions below, complete the following schedule if the fiscal year end is December 31, and effective interest amortization is used: (round off to the nearest dollar) YOU MAY USE YOUR OWN PAPER AND SET IT UP THIS WAY. YOU DO NOT NEED TO PRINT THIS OUT! Market interest 8% Market interest 6% Market interest 4% Transaction A. Cash received on issuance B. Interest expense for 2020 C. Net bond carrying value (book value) on the December 31, 2021 balance sheet D Net bond carrying value (book value) on the December 31, 2022 balance sheet B. Prepare the Journal Entry necessary for the issuance of the bond assuming 8% market interest at the time of issuance. Upload Choose a File