On January 1,2018 , Watch Works Incorporated (WWI) issued $81,000 par value, 4%, four-year bonds that mature on December 31,2021 . WwI will pay interest semiannually on 30 and December 31 . On the date WWl issued the bonds, the market rate of interest was 8%. The company's fiscal year ends on December 31 . What is the issue price of this bo Which of the following financial statement item is impacted in this transaction? The problern is sotwing far: Bonds Payatsle The calculation inwolwes: Present Value Single Sum \& Ordinary Annuity Table Method STEP 1 - Present Value of Interest Payment: January 1, 2018 Accounts Debit Credit Cash Discount on Bonds Payable Ponds Payatole On January 1,2018 , Watch Works Incorporated (WWI) issued $81,000 par value, 4%, four-year bonds that mature on December 31,2021 . WwI will pay interest semiannually on 30 and December 31 . On the date WWl issued the bonds, the market rate of interest was 8%. The company's fiscal year ends on December 31 . What is the issue price of this bo Which of the following financial statement item is impacted in this transaction? The problern is sotwing far: Bonds Payatsle The calculation inwolwes: Present Value Single Sum \& Ordinary Annuity Table Method STEP 1 - Present Value of Interest Payment: January 1, 2018 Accounts Debit Credit Cash Discount on Bonds Payable Ponds Payatole