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How much interest did the company show for year end december

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A company issued $1,000,000 of 6%, 10-year bonds on June 30, 2016 for $1,019,000 the bonds have semiannual interest payments on December 31 and June 30. The company uses the straight line method to amortize discount or premium and its year-end is December 31.

A. Was the market rate of interest higher, lower, or the same as the stated interest rate?

B. Were the bonds issued at par, at a discount, or at a premium?

C. How much interest did the company show for the year end December 31, 2016?

D. What was the carrying amount of the bonds on December 31, 2016?

Reference no: EM131780002

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