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ONDS 3 obvious Company Inc., issued its Option A bond on January 1, 2014. The bond face value is $500,000 and the coupon interest rate

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ONDS 3 obvious Company Inc., issued its Option A bond on January 1, 2014. The bond face value is $500,000 and the coupon interest rate is 8. Interest is paid seni-annually on June 30 and December 31. The bond matures in 15 years. The market interest rate is 12 percent. 1SA 2 30 Table Values are as follows: Present Value of $1 n 30 periods 0.31524 0.18270 0.30832 0.17411 15 periods at 8t 15 periods at 129 30 periods at 4 30 periods at 6% Present Value of ot an Ordinary Annuity of $1 15 periods at 8% 15 periods at 128 30 periods at 4 30 periods at 6% 8.55948 6.81086 17.29203 13.76483 Calculate the selling price of the bond in dollars Show your work. (10 points) b Calculate the selling price of the bond as a percentage. Show your work. (3 points) Prepare the journal entry to record the bond issue sale. (2 points) c d Prepare the bond amortization schedule bond for years 2014, 2015 and 2016 using the sffective intezeat methed. (25 points)

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