2 Barry Bonds Batting Company issued $500,000 of bonds on July 1, 2021. 3 The bonds pay interest at a 10% rate and mature in 3 years. 4 Interest will be paid semi-annually on June 30 and December 31. 5 6 At the time of issuance, the market rate of interest was 8%. 71) Calculate the selling price of the bonds. 8 14 15 2) Prepare the journal entry to record issuance of the bonds. 16 21 22 3) Prepare an amortization table for this bond issue using the effective interest method 23 39 40 4) Barry's year end is October 31, after the World Series of course. Prepare the entry to accrue interest on October 31, 2021 41 42 49 50 5) Record payment of the semi-annual interest payment on 12/31/21 51 57 58 6) Record payment of the semi-annual interest payment on 6/30/22 64 65 7) On 6/30/23 Bonds called the bonds (are you confused?) at 101. Prepare the entry to record this transaction. 66 67 68 69 70 71 Assume premium amortization is up to date. +