Cullumber Products Ltd. issued $2.34 million of 4%,5-year bonds on January 1,2021 . The bonds were dated January 1 and pay interest annually. There is no collateral secured against the bonds and Cullumber Products may buy back the bonds at any the market interest rate was 5% for these bonds. Cullumber has a calendar year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, eg. 1,575.) Price of the bonds $ Record the bond issue. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media Prepare an effective interest amortization table for these bonds. (Round answers to 0 decimal places, e.9.5.275.) Record any required adjusting entries and subsequent payment for the first three interest payments assuming reversing entries have not been used. (Credit account titles are automatically indented when the amount'is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) as/ui/v2/assessment-player/index.html?launchld=0b2843fa-e00a-4587-a25c-cf802537441d#/question/3 Question 4 of 4 (To accrue interest expense.) (To record interest payment.) eTextbook and Media List of Accounts Savefor Latern Attempts: 0 of 3 used Submit Answer Cullumber Products Ltd. issued $234 million of 4%,5-year bonds on January 1,2021 . The bonds were dated January 1 and pay interest annually. There is no collateral secured against the bonds and Cullumber Products may buy back the bonds at any time. The market interest rate was 5% for these bonds. Cullumber has a calendar year end. Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, es 1,575.) Price of the bonds $ Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Cullumber Products Ltd. issued $2.34 million of 4%,5-year bonds on January 1,2021 . The bonds were dated January 1 and pay interest annually. There is no collateral secured against the bonds and Cullumber Products may buy back the bonds at any the market interest rate was 5% for these bonds. Cullumber has a calendar year end. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, eg. 1,575.) Price of the bonds $ Record the bond issue. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media Prepare an effective interest amortization table for these bonds. (Round answers to 0 decimal places, e.9.5.275.) Record any required adjusting entries and subsequent payment for the first three interest payments assuming reversing entries have not been used. (Credit account titles are automatically indented when the amount'is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) as/ui/v2/assessment-player/index.html?launchld=0b2843fa-e00a-4587-a25c-cf802537441d#/question/3 Question 4 of 4 (To accrue interest expense.) (To record interest payment.) eTextbook and Media List of Accounts Savefor Latern Attempts: 0 of 3 used Submit Answer Cullumber Products Ltd. issued $234 million of 4%,5-year bonds on January 1,2021 . The bonds were dated January 1 and pay interest annually. There is no collateral secured against the bonds and Cullumber Products may buy back the bonds at any time. The market interest rate was 5% for these bonds. Cullumber has a calendar year end. Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, es 1,575.) Price of the bonds $ Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)