59-8 (similar to) Question Help Jackson Corporation issued $800,000 of 14%, 10-year bonds payable on January 1, 2019. The market interest rate at the date of issuance was 12%, and the bonds pay interest semiannually (on June 30 and December 31). Jackson Corporation's year-end is June 30. Read the recipements 1.U Using the PV function in Excel. calculate the issue price of the bonds. (Round your answer to the nearest whole dollar) The issue price of the bonds is $ 868,820 2. Prepare an elective-interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar. Premium Semiannual Interest Account Carrying Payment Expense Amortization Jan 1, 2010 Jun 30, 2019 Bond Interest Premium Interest Date Amount Balance 58,820 668,820 Enter any number in the edit fields and then click Check Answer. 4 parts remaining Clear All Check Answer 600,000 of 14%, 10-year bonds payable on January 1, 2019. The market interest rate at the date of issuance was 12%, anc June 30 and December 31). Jackson Corporation's year-end is June 30. kcer, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) is $ 668,820 Requirements st amortization table for the est Interest ment Expense 1. Using the PV function in Excel, calculate the issue price of the bonds 2. Prepare an effective-interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar. 3. Record Jackson Corporation's issuance of the bonds on January 1, 2019, and payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2019. Explanations are not required. Print Done edit fields and then click Check