mentMain.do?inprogress=true alculator Print Item lastery Problem: Long-Term Liabilities: Bonds and Notes Fit Corporation Bonds Payable 20Y5 Journal Entries Final Questions SpringFit Corporation Bonds Payable Review the journal entries on the Spring Fit Corporation panel, then answer the following questions, 1. Assuming that no bonds had been issued prior to 2004, how many different bonds appear in the journal entries for this year? 2. Which entry shows bonds issued at a contract rate lower than the market rate of interest? Choose the date. 3. How much interest was paid during the year on the bonds in question (2)2 $ 4. What is the carrying amount of the bonds in question (2) at the end of the year? $ 5. Which entry shows bonds that sold for more than their face amount? Choose the date. 6. How much interest was paid during the year on the bonds in question (5)? 7. Assuming that straight-line amortization is used for the bonds in (5), what is the bond life? 8. What is the carrying value of the bonds in question (5) at the end of the year? S 9. Considering only the 20Y4 journal entries how much interest was probably accrued on the note payable issued during the year? $ mentMain.do?inprogress=true alculator Print Item lastery Problem: Long-Term Liabilities: Bonds and Notes Fit Corporation Bonds Payable 20Y5 Journal Entries Final Questions SpringFit Corporation Bonds Payable Review the journal entries on the Spring Fit Corporation panel, then answer the following questions, 1. Assuming that no bonds had been issued prior to 2004, how many different bonds appear in the journal entries for this year? 2. Which entry shows bonds issued at a contract rate lower than the market rate of interest? Choose the date. 3. How much interest was paid during the year on the bonds in question (2)2 $ 4. What is the carrying amount of the bonds in question (2) at the end of the year? $ 5. Which entry shows bonds that sold for more than their face amount? Choose the date. 6. How much interest was paid during the year on the bonds in question (5)? 7. Assuming that straight-line amortization is used for the bonds in (5), what is the bond life? 8. What is the carrying value of the bonds in question (5) at the end of the year? S 9. Considering only the 20Y4 journal entries how much interest was probably accrued on the note payable issued during the year? $