Kendall Corporation issued $640,000 of 6%, 10-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. Kendall Corporation's year-end is March 31. Read the requirements 1. Using the PV function in Excel, calculate the issue price of the bonds (Round your answer to the nearest whole dollar.) The issue price of the bonds is $ 2. Prepare an effective interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar Discount Interest Interest Account Discount Amortization Bond Carrying Amount Payment Expense Balance Semiannual Interest Date Mar 31, 2019 Sep 30, 2019 Mar 31, 2020 Sep 30, 2020 3. Record Kendall Corporation's issuance of the bonds on March 31, 2019, and payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by recording the issuance of bonds on March 31, 2019. Journal Entry Accounts Date Debit Credit Mar 31 Now record the payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019 Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Mar 31, 2020 Sep 30, 2020 Requirements 3. Record Kendall amortization of the bl entries) Jerest amount and from any journal Start by recording th 1. Using the PV function in Excel. calculate the issue price of the bonds 2. Prepare an effective interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar 3. Record Kendal Corporation's issuance of the bonds on March 31, 2019, and payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019. Explanations are not required. Date Mar 31 Print Done Now record the payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019. Journal Entry Accounts Debit Credit Date Sep 30 Choose from any list or enter any number in the input fields and then continue to the next