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ockly ading styles Question 2 (10 marks) Power Solutions Lad issued a $825,000, 6% bood on January 1, 2021. At that time, dhe market
ockly ading styles Question 2 (10 marks) Power Solutions Lad issued a $825,000, 6% bood on January 1, 2021. At that time, dhe market rate of interest is 7%. The bond matures in 6 years and pays intent on June 30th and December 31st a) Calculate the proceeds of the bond ise. Show your calculator input values b) Prepare the amortization table using the effective intent method of anodization Complete the fint two payments only. O Pend c) Prepare the journal entries for 2021 (the truance of the bond and the first twist payment General Journal Date Account Titles and Explanation Debit Crede Jan 1 2021 Cash a/c dr To 6% bouds payable alc 3230
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