Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issued at 102 and had a 2.8% stated rate of interest that is payable on December 31st of each year. What is the annual interest expense? $26,000 $29,000 $30,000 $27,000 $28,000 Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issued at 96 and had a 3.2% stated rate of interest that is payable on December 31st of each year. What is the carrying value of the bond after the third interest payment is made? $1,036,000 $1,034,000 $ 965,000 $1,000,000 $ 966,000 On September 1. Your Company issued 50,000 shares of $9 par value stock for $15 per share. Book value was $7 per share. Which journal entry records this transaction? 750,000 Cash Common stock Paid in capital in excess of par 350,000 100,000 750.000 Kash Common stock 750.000 Common stock Paid in capital in excess of par Kash 450.000 300.000 750,000 1750,000 Kash Common stock Paid in capital in excess of par 300.000 150,000 7750.000 Cash Common stock Paid in capital in excess of par 450.000 300.000