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Fast-Bakk Corp issued a$15,000, 5-year, 6% interest bond that will pay interest semi-annually. The market rate is 4%. Using the straight-line method, a. Calculate the

Fast-Bakk Corp issued a$15,000, 5-year, 6% interest bond that will pay interest semi-annually. The market rate is 4%. Using the straight-line method, a. Calculate the selling price of the bond b. Record the issuance of the bond c. Calculate the carrying value of the bond at thI end of period 3 d. Record the entry for the end of period 3 HINT: Present Value Tables Needed

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