Business
Business, 05.05.2020 17:43, tinytoonjr6901

The company issues $10 million in bonds on January 1, 2021, that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below: Date Interest expense Interest payable Amortization Carrying Value 01/01/2021 $8,800,000 06/30/2021 $440,000 $400,000 $40,000 8,840,000 12/31/2021 442,000 400,000 42,000 8,882,000 What is the face amount of the bonds

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