mmer 2018 Practice A cor 201 y issues $10,000,000, stated contract rate 8%, 20-year bonds to yield 8% on March 1 6. Interest is paid on August 31 and February 28. a) How will the bond issuance be recorded? b) What c) What is the amount of accrued interest related to this bond at December 31, 20167 is the amount of interest expense to record as of April 30, 2016? b) What is the economic event behind this problem? What are the GAAP recognition rules, theory or concept? e) Calculate (measure) based on the information above 0 Prepare the journal entries to record. How does this look on the accounting equation and in T-Account form? Assame the same facts as above, exept that he bond 1s Sold with a geld of 6 % , what is PV present value of the bond? what1% accrued Interest expense at Deun ber 31, 2016 ? on c