Presented below is the partial bond discount amortization schedule for Syam Corp , which uses the effective interest method of amortization Use effective interest method of bond amortization Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $38,609 $961,391 1 $45,000 $48,070 $3,070 35,539 964,461 2 45,000 48,223 3,223 32,316 967,684 1 Give the stated interest rate 2 Give the market interest rate 3 Give the selling price of bonds as a percent of face value 4 Give journal entry to record the sale of bonds 5 Give 1 entry to record interest expense after 6 months (please show all work my intent is to learn)

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Question: Presented below is the partial bond discount amortization schedule for Syam Corp., which uses the effective-interest method of amortization. Use effective-interest method of bond amortization.

Presented below is the partial bond discount amortization schedule for Syam Corp., which uses the effective-interest method of amortization.

Use effective-interest method of bond amortization.

Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Discount Amortization	Unamortized Discount	Bond Carrying Value
Issue date	$38,609	$961,391
1	$45,000	$48,070	$3,070	35,539	964,461
2	45,000	48,223	3,223	32,316	967,684

1. Give the stated interest rate 2. Give the market interest rate 3. Give the selling price of bonds as a percent of face value 4. Give journal entry to record the sale of bonds 5. Give 1 entry to record interest expense after 6 months. (please show all work - my intent is to learn)

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