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eBook Show Me How Entries for using Bonds and among co by Straight-Line Method On the first day of its fiscal year, Company is 13,000,000 of five yout, 0% bonds te Trance its operations of producing and selling home improvement products, interest any. The ones were found at maret etective) terest rate of resulting in Jacinto Company receiving cash of 513,307,096 2. Sourate the entries to record the following 1. Ince of the bonds 2. First semiannual interest payment. The band discount amortization is combined with the semiannual interest payment. 3. Second seminterest payment. The bond discount amortization is combined with the manual interest payment If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar. Cash 1307,096 Discount on bonds Payable 126904 Bonds Payable 13 900.000 . 2. Interest Expense Discount on Bands Payable Cash 3. Interest Expense Discount on Bonds Payable Cash Previous Next > Check My Work EUWS It an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar. 1. Cash 13.07.09 Discount on bonds Payable 135,092.900 Bonds Payable 13,900.000 2. Interest Expense Discount en Bonds Payable Cash 3. Interest Expense Discount on Bonds Payable Cash b. Determine the amount of the band interest expense for the first year. Round your answer to the nearest dollar c. why was the company able to use the bonds for only $13,307,096 rather than for the face amount of $13,900,000? The market rate of interests the contract rate of interest