Evermaster Corporation issued ( $ 100,000 ) of ( 8 % ) term bonds on January 1,2014 , due on January 1,2019 , with interest payable each July 1 and January 1. Investors require an effective-interest rate of ( 12 % ). Record the journal entry of issuance at January 1, 2014 and the journal entry of first interest payment at July 1, 2014. PV of ( $ 1(n=10, i=6 %) ) factor ( =0.55839 ) PV of ordinary annuity ( (n=10, i=6 %) ) factor ( =7.36009 ) Calculate the present value of long term bond. A. ( $ 85,279 ) B. ( $ 55,839 ) C. ( $ 29,440 ) D. ( $ 86,396 )

Evermaster Corporation issued $100,000 of 8% term bonds on January 1,2014 , due on January 1,2019 , with interest payable each July 1 and January 1. Investors require an eflective-interest rate of 12%. Record the journat entry of issuance at January 1, 2014 and the journa! entry of first interest paryment at July 1,2014. PV of $1(n=10,i=6%) factor =0.55839 PV of ordinary annuly (n=10j=6%) factor =7.36009 Calculate the present value of long term bond A. $85,279 8. $55,839 C. $29,440 D. $86,396