Part C

A company issued the following semi-annual bonds: Face amount: $150,000 Coupon rate: 6% Yield: 4% Life: 15 years a. Compute the selling price of the bonds. b. Prepare the journal entry for the issuance of the bonds using the selling price from part (a). C. Prepare the amortization schedule for only the first two interest periods using the interest method. CASH INTEREST EXPENSE AMORTIZATION BOOK VALUE