Sandford Co. sells bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2020. Pertinent information follows:Par value of the bonds $ 500,000 Stated interest rate10%Bond yield rate12% A. Calculate the bond price and bond discount using EXCEL function. B. Prepare amortization schedule C. Prepare journal entries for year 2017 and 2018.

Sandford Co. sells bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2020. Pertinent information follows: Par value of the bonds Stated interest rate Bond yield rate $ 500,000 10% 12% A. Calculate the bond price and bond discount using EXCEL function. B. Prepare amortization schedule C. Prepare journal entries for year 2017 and 2018