A Corporation issued a 5-year 9.5% P1,000,000 face value bonds to B Corporation in an 8.16% market on January 1, 2022, paying interest annually. a. How much is the bond premium upon issuance of the bond? b. How much cash was credited from As account for this bond on year 2? c. What is the total interest expense through the life of the bond?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A Corporation issued a 5-year 9.5% P1,000,000 face value bonds to B Corporation in an 8.16% market on January 1, 2022, paying interest annually. a. How much is the bond premium upon issuance of the bond? b. How much cash was credited from As account for this bond on year 2? c. What is the total interest expense through the life of the bond? d. What is the book value of the bond on year 5? e. How much cash was credited from A's account upon the bond's maturity?
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