(15 points) On January 1, 2018, Oasis Corporation issued 3-year, $100,000 bonds. The bonds camy a stated rate of interest of 13% payable semiannually on June 30 and December 31 and were issued to yield 11%. The company uses the effective interest method of amortization. 1. Calculate the selling price. Show all of your work, each step. 2. Prepare the journal entry to record the issuance of the bond. You MUST show all calculations. Round to the nearest whole dollar. Do not forget joumal entry descriptions. Do not round factors. 3 Present Value of 1: Pai 5 5% 6. 0% n 1,5% 1 0.985222 0.961538 0.956938 0.952381 0.947867 0.943396 0.934579 2 0.970662 0.924556 0.915730 0.907029 0.898452 0.889996 0.873439 3 0.956317 0.888996 0.876297 0.863838 0.851614 0.839619 0.816298 4 0.942184 0.854804 0.838561 0.822702 0.807217 0.792094 0.762895 5 0.928260 0.821927 0.80245 0.783526 0765134 0.747258 0.712986 0.914542 0.790315 0.767896 0.746215 0.725246 0.704961 0 666342 7 0.901027 0.759918 0.734828 0710681 0.687437 0.665057 0.622750 8 0.887711 0.730690 0.703185 0.676839 0.651599 0.627412 0.582012 9 0.874592 0.702587 0.672904 0.644609 0.617629 0.591898 0.543934 10 0.861667 0.675564 0.643928 0.613913 0.585431 0.558395 0.508349 11 0848933 0.649581 0.6 16199 0.584679 .554911 0.526788 0.475093 12 0.836387 0.624597 0.589664 0.556837 0.525982 0.496969 0.444012 4.0% 4.5% 50% 4 Present Value of an Ordinary Annuity of 1: po,n 1.5% 4.0% 4.5% 5.0% 5.5% 6.0% 70% 10.985222 0.961538 0.956938 095238 0.947867 0.943396 0.934579 2 1955883 1.886095 1.872668 1.859410 1.846320 1.833393 1.808018 3 2.912200 2.775091 2.748964 2.723248 2.697933 2.673012 2.624316 4 3.854385 3.629895 3.587526 3.545951 3.505150 3.465106 3.387211 5 4.782645 4.451822 4.389977 4.329477 4.270284 4.212364 4.100197 6 5.697187 5.242137 5.157872 5.075692 4.995530 4.917324 4766540 7 6.598214 6.002055 5.892701 5.786373 5.682967 5.582381 5.389289 8 7.485925 6.732745 6.595886 6.463213 6.334566 6209794 5.971299 9 8360517 7435332 7.268790 7.107B22 6.952195 6.801692 6.515232 10 9.222185 8.110896 7.912718 7.721735 7.537626 7.360087 7.023582 11 10.071118 8.760477 8.528917 8.306414 8.092536 7.886875 7.498674 12 10.907505 9.385074 9.118581 8.863252 8.618518 8.3838447.942686
