Question: Revise your worksheet assumptions as indicated below and then answer the questions that folllow: Face amount Stated rate Number of years Market rate Discount O

questions that folllow: Face amount Stated rate Number of years Market rate

Discount O Premium Required: 1. Was the bond issued at a discount

or a premium? Date June 30, 2021 December 31, 2021 June 30,

Revise your worksheet assumptions as indicated below and then answer the questions that folllow: Face amount Stated rate Number of years Market rate Discount O Premium Required: 1. Was the bond issued at a discount or a premium? Date June 30, 2021 December 31, 2021 June 30, 2022 December 31, 2022 $3,095,000 Cash Paid 2. Complete the first four rows of the amortization schedule. (Round your answers to 2 decimal places.) Change in Carrying Value 9% 10 Interest Expense 10% Carrying Value Journal entry worksheet 1 2 Record the issuance of the 9% note for $3,095,000 on Jan. 01, 2021. Date Note: Enter debits before credits. January 01, 2021 3 Record entry General Journal Clear entry Debit Credit View general journal Journal entry worksheet

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