On January 3, 2007, the company issued 20-year bonds with a face value of $300,000. The bonds carry a coupon rate of 8% and the market rate for bonds issued by other companies with similar risk was 6%. Interest on the bonds is paid twice per year on July 1st and Jan 1st. The Present Value Tables you will need are in the Files Section of your Canvas A. B. C. Calculate the price of the bond using the present or future value tables provided. Worth 6 points Using the effective interest method, make a table to cover interest payments through to the end worth 4 points Journalize the bond issue and the interest payment for July 1, 2009. Worth 2.5 points. EFFECTIVE INTEREST AMORTIZATION TABLE Discount Unamorti Amount or Interest Payment of Interest No. Paid Interest Expense Premium Amortizat zed Discount Carrying or Value of ion Premium Bond 123456 General Journal Date Account Title 1 2 3 4 5 6 7 8 9 Page: P.R. Debit Credit 2 8 10 11 12 13 14 15 16 17 18 19 20 21 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 22 23 24 25 26 27 28