Insert Layout References Review View Help Table Calibri (Body) 11 A AB AUVISE your SUULLUT were 4. Late submissions will be penalized 15%. I U ON AV Open in Desktop App Search EEA Question: On June 30, 2016, the market interest rate is 7%. Company M issues $500,000 of 8%, 20-year bonds at 110,625. The bonds pay interest on June 30 and December 31. Company M amortizes bonds by the effective-Interest method. Record issuance of the bonds on June 30, 2016, the payment of interest at December 31, 2016, and the semi-annual interest payment on June 30, 2017. Student's Response Below (note: only answers in box below will be graded)