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What will the amount of cash paid to the bondholders be

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Cheetah corporation authorized $700,000 6% 10-year bonds dated january 1, 2021. at january 1, 2021, the bonds would yield an effective interest rate of 5%. the bonds were issued on january 1, 2021 and the proceeds were $754,562. the bonds pay interest each june 30 and december 31. tiger corporation accounts for interest using effective interest calculations and has a december 31 year end.

Problem 1: what will the amount of interest expense recorded be on june 30, 2021?

Problem 2: what will the amount of cash paid to the bondholders be on june 30, 2021? round all answers to the nearest whole dollar. do not use dollar signs, commas or decimals.

Reference no: EM132959748

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