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thank you 2. (10 points)_Mazeltox Corporation issued $100,000 3-year, 10%...

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Accounting

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2. (10 points)_Mazeltox Corporation issued $100,000 3-year, 10% stated rate bonds on January 1, 2004. The bonds pay interest semi-annually and were sold when the market rate was 12%. Calculate the issue price of the bonds. a. b. Prepare an amortization schedule for the bonds (use the table below): Payment Carrying Value Cash Interest Amortization Carrying Value, Date beginning Interest Expense ending 6/30/04 12/31/04 6/30/05 12/31/05 6/30/06 12/31/06 c Record the interest expense entry for the 6/30/05 interest payment: Accounts Debits Credits

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