27 points Save Answer On January 1, 2022 Company A. issued five-year bonds with a face value of $500,000 and a stated interest rate of 6% payable semiannually on June 30 and December 31. The prevailing rate of interest for this type of bond at the date of issuance was 8%. Future Present Present Future value of an value of an value of Value of Present ordinary ordinary an annuity 1 value of 1 annuity annuity 5 1.33823 0.74726 5.63709 4.21236 4.46511 6% 5 1.46933 0.68058 5.86660 3.99271 4.31213 8% 10 1.34392 0.74409 11.46338 8.53020 8.78611 3% 10 1.48024 0.67556 12.00611 8.11090 8.43533 4% 10 1.79085 0.55839 13.18079 36009 7.80169 6% 10 2.15892 0.46319 14.48660 1008 7.24689 8% n due 1. Calculate the issue price of the bonds. _$ (5 points) 2. Record the issuance of the bonds on 1/1/22. (11 Points) Account Title Debit Credit Tave and Submit to save and submit Click Save All Answers to save all answers 3. Prepare the journal entry to record the payment of interest on 12/31/23 on A Company's books using the effective interest method of amortization of bond premium or discount. (5 points) Account Title Debit Credit 5. The total interest expense that will be recognized over the life of the bond is _? (3 points) 6. The impact of the bond on 2023 income given a 20% tax rate is For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). _? (3 points) B I 4 Paraaranh