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make to excel 1. National Company issued a 7.5%,12-year bond, dated January 1 . 2023 , with a face amount of $800,000 on January 1,2023

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1. National Company issued a 7.5%,12-year bond, dated January 1 . 2023 , with a face amount of $800,000 on January 1,2023 . The bond matures on December 31,2034. The market yield for bonds of similar risk and maturity was 6.0%. Interest is made semiannually on June 30 and December 31. REQUIRED: a. Determine the price of the bonds on January 1, 2023 (be certain to include all the "Given" information as discussed in class). b. Prepare a bond amortization table using the effective interest method (as reviewed in class) and make certain to obtain totals for the columns of PMT (Cash Interest Paid), Interest Expense, and Premium Amortization. c. Prepare the journal entry to record their issuance by National Company on January 1, 2023. d. Prepare the journal entry recording the first interest payment on June 30, 2023. e. Prepare the journal entry recording the interest payment on December 31, 2023. f. Prepare journal entries at maturity on December 31, 2034. g. Prepare the journal entry to record the early retirement of the bond at a call price of $870,000 on January 1,2027 . h. Instead of retirement of the bond as described in " g " above, assume the bond was retired early at a call price of 110 on January 1,2027. Prepare the journal entry to record this retirement of the bond. Part 2 -- Installment note (Loan): 2. On January 1,2023 , National Company signed a $500,000,7% installment note to be repaid with 10 equal annual installments to be first made on December 31, 2023, and then every December 31 thereafter until paid in full. REQUIRED: a. Determine the amount of each annual payment. b. Prepare an amortization table for this installment note (as reviewed in class). c. Prepare the journal entry for the issuance of the installment note. d. Prepare the journal entry for the first payment on the

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