E14-6 (similar to) On January 1, 2018, the London Capital Partners issued $1,000,000 par value, 6%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2018. The market rate of interest on the date of the bond issue was 2%. Read the requirements Requirement a. Determine the issue price of the debt. (Use the present value and future value t present and future value tables or the formula method, use factor amounts rounded to five decim The issue price of the debt is $ b. c. Requirements Determine the issue price of the debt Prepare the amortization table for the bond issue through January 1, 2021, assuming that London uses the effective interest rate method of amortization Prepare the journal entries to record the bond issue, the first interest entry and payment of the bonds at maturity. Assume that the company uses a premium or discount account, & needed. Print Done of