View Policies Current Attempt in Progress M o Novak Company issued $390,000 of B%, 10-year bonds at 104. Interest is paid annually, and the straight-line method is used for amortization. Assume that the market rate for similar investments is 7%. The bonds are issued on the date of the bonds. ACE Vic Qu Acco (a) Your answer has been saved. See score details after the due date. Qud Acco What amount was received for the bonds? Que Accou $ 405.600 Amount received Ques A Attempts: 1 of 1 used 72 AQI 10 (d) How much interest expense is recorded on the first interest date? Interest expense $ $ Save for Later (e)