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    demetri26's Avatar
    demetri26 Posts: 1, Reputation: 1
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    #1

    Mar 14, 2013, 04:45 PM
    free in help in answering accounting problems
    on September 30, 2010 lanter company issued 100,00 worth of five year, nine percent bonds when the market rate was eight percent. Proceeds were 104,000. The interest is paid annually on September 30.

    a. what is the annual interest expense
    b. what is the amount of interest expense on the date of the first interest payment?
    c. what is the carrying value at the end of the first year?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Mar 14, 2013, 06:03 PM
    As these involve simple math please state your specific question
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