Shawn issues 2 year semi annual bonds at with par value $100,000 2.5% annual interest rate for $95,000 on December 31st 2021 What will be the total interest expense on the bonds (15 POINTS) Show the entry to record the sale of the bonds Show what the interest payments will be Show the final entry to pay off the

 

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Shawn issues 2 year semi annual bonds at with par value $100,000 2.5% annual interest rate for $95,000 on December 31st 2021 What will be the total interest expense on the bonds (15 POINTS) Show the entry to record the sale of the bonds Show what the interest payments will be Show the final entry to pay off the bond

Expert Answer

Total amount of interest paid during the life of bond = Face value Inter… View the full answer