Question: Question 29 2 pts Use this fact pattern for questions 29 - 31. On January 1, 2018, Tatooine, Inc. issued 8%, 10-year bonds with a

 Question 29 2 pts Use this fact pattern for questions 29
- 31. On January 1, 2018, Tatooine, Inc. issued 8%, 10-year bonds

Question 29 2 pts Use this fact pattern for questions 29 - 31. On January 1, 2018, Tatooine, Inc. issued 8%, 10-year bonds with a face value of $900,000 at 87.54. Interest is payable semiannually on January 1 and July 1. The effective interest rate when the bonds were issued was 10%. Any discount or premium is amortized using the effective-interest method. Tatooine has a calendar year end. The journal entry that the company recorded on January 1, 2018, included debit to cash in the amount of Question 29 2 pts Use this fact pattern for questions 29 - 31. On January 1, 2018, Tatooine, Inc. issued 8%, 10-year bonds with a face value of $900,000 at 87.54. Interest is payable semiannually on January 1 and July 1. The effective-interest rate when the bonds were issued was 10%. Any discount or premium is amortized using the effective-interest method. Tatooine has a calendar year end. The journal entry that the company recorded on January 1, 2018, included debit to cash in the amount of: Question 30 2 pts What is the amount of the interest expense that Tatooine recorded on July 1, 2018? Question 31 2 pts What is the amount of the interest expense that the company recorded on December 31, 2018

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