On march 31 2010 willie market issued 150000 worth 8 ten

Reference no: EM13600186

On March 31, 2010, Willie market issued 150,000 worth 8% ten year bonds when the market rate was 8%. Proceeds were 140,000. The interest is paid annually on March, 31.

Questions:
A.What is the annual interest payment?

B.What is the amount of interest expense on the date of the first interest Payment?

C.What is the carring value at the end of the first year?

Reference no: EM13600186

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