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On January 1,2016 , Scottco issues $500,000 face value, 3 -year ( bonds Cash interest payments will be made semi-annually. The market interest rate for

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On January 1,2016 , Scottco issues $500,000 face value, 3 -year ( bonds Cash interest payments will be made semi-annually. The market interest rate for these bonds 100H2. 1. Compute the issue (sale) price on January 1,2016. 2. Prepare the joumal entry to record the issuance of the boncs (3) 373,110+101,514=474,6 3. Build an amortization schedule to describe the interest expense iniat Scotico will record over each of the next three years and the resulting year-end carrying values. 4. Prepare the joumal entry to record the payment on 6/30/16

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