Need help to for Requirment 1 and 2
Nicholas Rausch issued $300,000 of 8%, 8-year bonds payable on January 1, 2016. The market interest rate at the date of issuance was 6%, and the bonds pay interest semiannually Click the icon to view the Present Value of $1 table.) Click the icon to view the Present Value of Annuity of $1 table.) Click the icon to view the Future Value of $1 table.) Click the icon to view the Future Value of Annuity of $1 table) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Use the factor tables provided with factors rounded to three decimal places. Round al currency nearest whole dollar) Upon issuance of the bonds payable, the company received Requirement 2. Prepare an amortization table for the bond using the effective interest method, through the first two interest payments (Round all numbers to the nearest whole dollar) Interest Premium Carrying Cash Paid Expense Amortized Amount 01/01/2016 06/30/2016 12/31/2016 Requirement 3. Journalize the issuance of the bonds on January 1, 2016, and payment of the first semiannual interest amount and amortization of the bond on June 30, 2016. Explanations are no dobits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the issuance of the bonds on January 1, 2016. (Prepare a single compound entry) Choose from any list or enter any number in the input fields and then continue to the next question. Ullus payaul UIT Jalluary 1, 2010. ine market interest rate at the date of issuance was 6%, and the bonds pay interest sen $1 table.) Click the icon to view the Present Value of Annuity of $1 table.) 1 table.) (Click the icon to view the Future Value of Annuity of $1 table.) i Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round all numbers to the nearest whole dollar.) 3. Journalize the issuance of the bonds on January 1, 2016, and payment of the first semiannual interest amount and amortization of the bond on June 30, 2016. Explanations are not required. Print Done Coorb. E s from any journal entries.) Is on January 1, 2016. (Prepare a single compound entry.) in the input fields and then continue to the next