E F G H 1 On January 1, 2019 Omsk Corporation issued 0 of 5 % bonds, due in 5 years. 2 Bonds pay interest each July 1 and January 1 Assume 5% market rate of interest. 3 Requirements (Round to 0 decimals, Rounding errors do not matter): 4 1. Compute market price of bonds. Provide detailed computation. 52. What is an amount of discount/premium? Indicate, what it is (discount or premium). Computation. 6 3. Prepare amortization schedule. Use formulas in Excel. You can use template provided below. 74. Prepare journal entry to record bond issue. 8 5. Prepare journal entry on July 1, 2019. 9 6. Prepare journal entry on December 31, 2019. 10 7. Prepare journal entry on January 1, 2020 E F G H 1 On January 1, 2019 Omsk Corporation issued 0 of 5 % bonds, due in 5 years. 2 Bonds pay interest each July 1 and January 1 Assume 5% market rate of interest. 3 Requirements (Round to 0 decimals, Rounding errors do not matter): 4 1. Compute market price of bonds. Provide detailed computation. 52. What is an amount of discount/premium? Indicate, what it is (discount or premium). Computation. 6 3. Prepare amortization schedule. Use formulas in Excel. You can use template provided below. 74. Prepare journal entry to record bond issue. 8 5. Prepare journal entry on July 1, 2019. 9 6. Prepare journal entry on December 31, 2019. 10 7. Prepare journal entry on January 1, 2020