On september 30 2010 lanter co issued 100000 worth of 5

Reference no: EM13600189

On September 30, 2010 lanter Co. issued 100,000 worth of 5 year 9% bonds when the market rate was 8%. The proceeds were 104,000. The interest is paid annually on September 30th.

Questions:

A.What is the annual interest expense?
B.What is the amount of interest expense on date of the first interest payment?
C.What is the carring value at the end of the first year?

Reference no: EM13600189

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