Facts: Bond issue: $150,000, 9%, 13-year bonds; selling price of bonds $129,569; market rate 11%. Use the

Question:

Facts: Bond issue: $150,000, 9%, 13-year bonds; selling price of bonds $129,569; market rate 11%. Use the interest method. Calculate the following:
a. Carrying value at beginning of period
b. Interest paid to bondholders every 6 months
c. Interest expense for the first semiannual period
d. Discount to be amortized for the first semiannual period
e. Carrying value at end of first semiannual period