Problem 14-9AB Effective Interest Amortization of bond premium; computing bond price LO P1, P6 issues 95% five-year bonds dated January 1, 20T7, with a S470 000 par value. The bonds pay interest on June 30 and December 31 and re issued at a price of S 198.608 The annual market fate is 8% on the issue date. Clable 1. Tablen2. lable B3, and Ta (Use appropriase fectoris) from the tables Required t Compute the total bond interest expense over the bonds' life 2. Prepare an effective interest amortization table for the bonds afe Els 3. Prepare the journal entries to record the first two interest payments 4. Use te market rate at issuance to compute the present value Complete this question by entering your answers in the tabs below Reaured Required 2 Required 3 Required 4 Compute the total bond interest expense aver the bonds life 10 peyments of 19.000 150,000 06/302011 4 Journal entry worksheet Record the Erat Interest payment on june 20, 3012 EE t type tine to seia 4 Journal entry worksheet Racard the second interest paymont an Decomber 31, 2017 Debit Dec 31 2011 Pray 40.9 Ill Next> 4 Complete this question by entering your answers in the tabs below 111m Required Required 2 Required 3 Required 4 at issuance to compute the prosent valus of the remaining cash flows for thase bonds as of December 31 2019. h Flow Value annuty) Required information Problem 14-10AB Effective Interest: Amortization of bond; retiring bonds LO P1, P4, P5, P6 The following imformation applies to the questions displayed below be issues S110.000 of 9%, three-year bonds dated January 1, 20 December 31 They are issued at S112.881 Their market rate is 8% at the issue date 12, that pay interest semiannually on June 30 and Problem 14-10AB Part 1 t Prepare the January 1 2017 journal entry to record the bonds issuance Journal entry worksheet Record the issus of bonds with a par valus of $110,000 cash on January 1, 2017 at an issue price of $112,881. Note: Enter debics before aredts General Journal Debit Credit Jan 01. 201 Clear entry O Type here ta search