Question: =+EX 14-22 Compute bond proceeds, amortizing premium by interest method, and interest expense a. $16,078,384 c. $85,099 650 Chapter 14 Long-Term Liabilities: Bonds

=+EX 14-22 Compute bond proceeds, amortizing premium by interest method, and interest expense

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a. $16,078,384

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c. $85,099 650 Chapter 14 Long-Term Liabilities: Bonds and Notes Seward Co. produces and sells restaurant equipment. On the first day of its fiscal year, Seward Co. issued $40,000,000 of five-year, 11% bonds at an effective interest rate of 14%, with interest payable semiannually. Compute the following, presenting figures used in your computations.

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