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Favreau Corporation wholesales repair products to equipment manulacturers. On April 1, Year 1, Favroau Corporation issued $12,700,000 of five year; 11% bonds at a market (eflective) inthr. Required: a. Joumalise the entries to record the following. Fetor to the chart of accounts for the exact wording of the account tites. CNOW joumals do aer credil entry when a credit amount is entered. 1. istuance of bands on Apris? amortivasion is combined with the semiannual interest psyment, (Round to the nearest dollar.). b. Explain why the company was able to issue the bonds for 513,704,948 rather man for the face amount of $12,700,000