a) On Jan 1, 2006, (ABC) Co. issued $600,000, 6% 10-Years bonds, Interest is payable semiannually on June 30 and Dec. 31. The market interest rate 4%. b) On Jan 1, 2011 the bonds are recalled at 95. Expenses of recall are $15,000 Instructions 1. Compute the issue price of bonds? 2. Prepare the journal entry at Jan 1, 2006 and June 30 and Dec. 31, 2006