Question: 18 Question 2 ummer Surprise Ltd. (SSL) issued $1,000,000 5-year 5% bond on January 1, 2018. The bond pays Required: 1)What is th interest annually.

18 Question 2 ummer Surprise Ltd. (SSL) issued $1,000,000 5-year 5% bond on January 1, 2018. The bond pays Required: 1)What is th interest annually. The market rte s 8%. e selling price on the bonds, rounded to nearest dollar? are the journal entries on Jan.1,2018,and Dec.31,2018

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