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Potter Corporation issued $840,000 of 6% 12-year bonds payable on March 31, 2019. The market interest rate at the dale of issuance was 3% and

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Potter Corporation issued $840,000 of 6% 12-year bonds payable on March 31, 2019. The market interest rate at the dale of issuance was 3% and the bonds pay interest semiannually Pottor Corporation's year-end is March 31 Read the famong 1. Using the P function in Excel calculate the issue price of the bonds (Round your answer to the nearest wholu dollar) The issue price of the bonds is $ 2. Propare an offoctive interest amortization table for the bond through the first three interest payments Round amounts to the nearest dollar Interest Interest Payment Discount Amortization Discount Account Balance Bond Carrying Amount Expanse Semiannual Interest Date Mar 31, 2019 Sep 30, 2019 Mar 31, 2020 Sep 30, 2020 3. Record Potter Corporation's issuance of the bonds on March 31, 2019, and payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019. (Record debits first then credits Exclude explanations from any joumal entres ) Start by recording the issuance of bonds on March 31, 2019 Journal Entry Accounts Date Debit Credit Mar 31 Now record the payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2019 Journal Entry Accounts Date Debit Credit Sep 30

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