On january 1, 2012, james sold 12% bonds with a face value of $500,000. the bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $538,500 to yield (market) 10%. using the effective interest method of amortization, interest expense for the year 2012 is?

In january, knox company requisitions raw materials for production as follows: job 1 $915, job 2 $1,590, job 3 $771, and general factory use $704. during january, time tickets show that the factory labor of $6,300 was used as follows: job 1 $2,344, job 2 $1,711, job 3 $1,554, and general factory use $691. prepare the job cost sheets for each of the three jobs.