Use the following schedule to answer all questions.

Bond Amortization: Working Backwards Two attempts 30 minutes Answers unlocked by Prof. Lively after the due date/time. Tin Atte 26 Use the following schedule to answer all questions. Interest Cash Paid Amount Amortized Carrying Amount of Bonds Date Expense 8/1/17 $950,827 2/1/18 $50,000 $57,050 957,877 $7,050 8/1/18 50,000 57,473 965,350 7,473 2/1/19 50,000 57,921 973,271 7,921 8/1/19 50,000 58,396 981,667 8,396 2/1/20 50,000 58,900 990,567 8,900 8/1/20 50,000 59,434 1,000,000 9,434 Question 1 0.25 pts What is the issue Price of the bond? Question 2 0.25 pts The bond was issued at O a Discount it cannot be determined based on the information provided. O Par O a Premium Question 3 0.25 pts What is the Face amount of the bond? How much was the discount or premium at issuance (enter zero if you believe the bond was issued at par)? Question 5 0.25 pts U What is the stated rate of the bond? Enter your percent answer as a whole number. For instance 20% would be entered at 20. Question 6 0.5 pts What is the market rate of the bond? Enter your percent answer as a whole number. For instance 20% would be entered at 20. Question 7 0.25 pts For the Journal Entry on 8/1/18, what is the amount credited that is unrelated to Cash (i.e. NOT the cash amount)