Answers :
A) $93,120
B) $18,441
A) Cash interest on the Bond = 1,940,000*10%*6/12 = $97,000
Premium on Bond sPayable = 1,940,000*0.04 = 77,600
Semiannual bond Premium Amorixed = 77,600/(10*2) = 3,880
Interest Expenses = Cash interest - Premium amortized = 97,000-3,880 = $93,120 (Answer)
Interest Expenses REcord on July1 and December 31 =$93,120
B) Interset Expenses on Bond
= 553,237*10%*4/12 = $18,441
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