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On June 30, 2018 the market interest rato is 4% Score Corporation issues $850.000 of 9% 25-year bonds payable. The bonds pay interest on June

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On June 30, 2018 the market interest rato is 4% Score Corporation issues $850.000 of 9% 25-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bond promium using the effective interest method Read the requirements Requirement 1. Use the P function in Excel to calculate the issue price of the bonds (Round your answer to the nearest whole deler The issue price of the bonds is s Requirement 2. Prepare an amortization table for the first four somiannual interest periods Enter the issue date information, then complete the table for each of the following semiannual interest periods (Round your answers to the nearest whole dolar) Score Corporation Semiannual Interest Period Bond Carrying Interest Payment Amortization Table Interest Premium Expense Amortation Premium Account Balance Amount Jun 30, 2018 Dec 31, 2018 Jun 30, 2019 Dec 31, 2019 Jun 30, 2020 Requirement 3. Record the issuance of bonds payable on June 30, 2018, the payment of interest on December 31, 2018, and the payment of interest on June 30, 2019 (Racord debits first, then credits Exclude explanations from all journal entries.) Start by rocording the issuance of the bonds on Juno 30, 2018 Journal Entry Accounts Date Debit Credit Jun 30, 2018 Record the semiannual interest payment on December 31, 2018 Journal Entry Date Accounts Debit Credit Dec 31, 2018 Record the semiannual interest payment on June 30, 2019 Journal Entry Accounts Date Debit Credit Jun 30, 2019

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