Clarke Corporation issued S800.000 of 16%, 10-year bonds payable on January 1, 2018 The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually (on June 30 and December 31) Clarke Corporation's wear-endis June 30 Read the requirements ned 9 Overa showp 1. Using the Pfunction in Excel calculate the issue price or the bonds (Round your answer to the nearest whole dollar) The issue price of the bonds is 5 2. Prepare an effective interest amortization table for the bond through the first three interest payments Round amounts to the nearest dollar ng Premium Bond st Semiannual Interest Interest Premium Account Carrying Interest Date Payment Expense Amortation Balance Amount Jan 1, 2019 Jun 30, 2010 od Dec 31, 2019 Jun 30, 2020 3. Record Clue Corporations issuance of the bonds on January 1 2010 and payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2019. Explanations are not required. Record debitant en creat Exclude explanations from anyjum ents Start by recording the issuance of bonds on January 1 2010 Journal Catey om Date Accounts Debit Credit Jan un 3. Record Clarke Corporation's issuance of the bonda 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. (Record debits first then credits. Exclude explanations from any journal entries.) Start by recording the issuance of bonds on January 1, 2019 Journal Entry Date Accounts Debit Credit Jan od Record the payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2019 Journal Date Accounts Debit Credit Jun om ALA 's issuance of are not required ce of bonds on amortization of the bond -X Requirements Ad 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 Clarke 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 first semiannuali Print Done Accounts Debit Credit