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ACCT 303 - In-class Assignment #11 Set up a spreadsheet with separate worksheets for each problem. Please include your name at the top of each worksheets Bonds XYX Company is preparing to issue $1,000,000 in 8% bonds that pay interest semi-annually and mature in five years. 1. Interest rates for companies with XYZ's risk profile have fallen following the bond registration. If the market will accept a 6% rate, what should XYZ expect to receive for their bonds? Prepare XYZ's journal entry for the issue of the bonds on 01/01/2018. Prepare XYZ's journal entry for the first interest payment on 06/30/2018. 2. Interest rates for companies with XYZ's risk profile have risen following the bond registration. If the market will accept a 10% rate, what should XYZ expect to receive for their bonds? Prepare XYZ's journal entry for the issue of the bonds on 01/01/2018. Prepare XYZ's journal entry for the first interest payment on 06/30/2018. they carried a zero coupon rate?? Prepare XYZ's journal entry for the issue of the bonds on 01/01/2018. Prepare XYZs journal entry for the first interest payment on 06/30/2018