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please answer all Question 3 Question 3 of 4 -71 E Cullumber Cars Co issued $1.84 million of 65 year bonds on any 1,2021. The
please answer all Question 3
Question 3 of 4 -71 E Cullumber Cars Co issued $1.84 million of 65 year bonds on any 1,2021. The honde wife dated January and pay interest annually The bonds are secured with real estate holdings. The market interest rate was 5% for these bonds. Olumbers calendar year endt Chere to view the factor table Present Value of 1 Cischere to view the factor table Present Value of an Annuity of 1 Calculate the price of the bonds (for calculation purposes, use 5 decimal procesos displayed in the factor tobe provideRound arsyer to decimalples.eg. 1.575) Price of the bonds Record the bondise Credit account titles are utomatically indented when the amount is entered Danoindent mort entry is required, select "No Entry for the countles and enter for the amounts Debit Credit Date Account Titles and Explanation Jan 1 2021 To record issuance of bonde Textbook and Media List of Accounts 03 Question Part Score ./1 E Prepare an effective interest amortization table for these bonds. (Round answers to decind places, eg: 5.275) CULLUMBER CARS CO. Bond Premium Amortization Table Effective Interest Method-Annual Interest Payments 6% Bonds Issued at market rate of 5% Interest Expense Premium Amortization Interest Payment Bond An $ $ $ Date Jan 1. 2021 Jan 1. 2022 Jan 1. 2023 Jan 1 2024 Jan 1. 2025 Jan 2026 e Textbook and Media List of Accounts Question Part Score -0.35 Question 3 of 4
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