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c her 31. mature in 2027(10 wars For bonds of similar risk and sued 12 bonds dated January 1, 2018, with a paid semially on

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c her 31. mature in 2027(10 wars For bonds of similar risk and sued 12 bonds dated January 1, 2018, with a paid semially on June 30 and December 31. Problem - On January 1, 2018, Marta Emerprises issued 12m race amount of $20 m maturity, the market yield is OS20 million. The boods mature in 2027 (10 years). For bonds list is paid semamaally on un Required: 1. Determine the price of the bonds Janoary 1, 2018 Prepare the journal entry to record the bond issuance by Marta on January 1, 2018 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method. 4. Prepare the first five (5) lines of the amortization table for the bond payable. Carrying Value Amortization Interest Expense Date Interest Paid 1/1/18 6/30/18 12/31/18 6/30/19 12/31/19

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