Facts: Bond issue: $95,000, 13%, 35-year bonds; selling price of bonds $191,805; market rate 6%. Use the

Question:

Facts: Bond issue: $95,000, 13%, 35-year bonds; selling price of bonds $191,805; market rate 6%. Use the interest method. Calculate the following:
a. Carrying value at beginning of period
b. Interest paid to bondholders each 6 months
c. Interest expense for the first semiannual period
d. Premium to be amortized for the first semiannual period
e. Carrying value at end of first semiannual period