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P14AB-45B (similar to) Question Help Calming. Inc. is authorized to issue 7%, 10-year bonds payable. On January 1, 2018, when the market interest rate is

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P14AB-45B (similar to) Question Help Calming. Inc. is authorized to issue 7%, 10-year bonds payable. On January 1, 2018, when the market interest rate is 10%, the company issues $600,000 of the bonds. The bonds pay interest semiannually. (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Annuity of 51 table.) (Click the icon to view Future Value of $1 table.) Click the icon to view Future Value of Ordinary Annuity of 51 table) Read the regulirements b? Round to the nearest dollar) Requirements 1. 2. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar) Prepare an amortization table for the bond using the effective interest method, through the first two interest payments. (Round to the nearest dollar) Joumalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018 and December 31, 2018. Explanations are not required 3. Print Done Entram number in the erit fields and then click Check

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