Question: Completion Status QUESTION 6 Jem Co. Issued $900,000 face value of 129% bonds at 100 on June 1, 2012. Interest Is payable semiannually on April

Completion Status QUESTION 6 Jem Co. Issued $900,000 face value of 129% bonds at 100 on June 1, 2012. Interest Is payable semiannually on April 1 and October 1. If the company has an accounting year ending on December 31, It should report interest expense for 2012 of: 0 A-$ 36,000 $108,000 C$ 54,000 0 D. $ 63,000 QUESTION 7 A bond issued for a premium indicates that at the date of issue: O A the bonds were issued at a price greater than their face value OBthe bonds are noninterest-bearing Cits contract rate was equal to the prevalling market rate of interest on similar bonds. O D. its contract rate was lower than the prevailing market rate of interest on similar bonds

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