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Score: 0 of 2 pts 7of8(8 complete) Hw Score: 70.2%, 7.02 of 10 pts S9-11 (similar to) Kendal Corporation issued $560,000 of 7%, 10year bonds

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Score: 0 of 2 pts 7of8(8 complete) Hw Score: 70.2%, 7.02 of 10 pts S9-11 (similar to) Kendal Corporation issued $560,000 of 7%, 10year bonds payable on March 31, 2016. The market rto est me at the date of issuane was 10%, and he Kandal Coprat n bonds pay Question Help * Kendall Corporation's year-end is March 31 s ar aly 1. Using the PV fundtion in ExDel, calculate the issue price of the bonds. 2. Prepare an offective-interest amortization table for the bonds through the first tree interest payments. Round amounts to the nearest dollar 3. Reoord Kendall Corporaton's issuance of the bonds on March 31, 2016, and payment of the first semiannual interest amount and amortization af the bond discount on September 30, 2018. Explanations are not required 1.Using the PV Mnton in Exce . calculate the issue p oe of the bonds. (Round yor answer to the nearest whole dola Th 5.37 2. Prepare an effective-interest amorization table for the bond through the frst three interest payments Round amounts to the nearest dollar Discount Bond nterest Payment DiscountAountCrrying Semiannual Interest Date Mar 31, 2010 Sep 30, 2016 Mar 31, 2017 Sep 30, 2017 Interest Amortization Balance 04 683 3,166 101,517 3,32498,19 Expense 455,317 458.483 19.600 19,800 19,600 22,766 22,924 461,807 2300 3490 94,703 45.297 23,090 3.490 3. Record Kendal Corporation's issuance of the bonds on March 31, 2016, and payment of the first semiannual interest amount and amortization of the bond discount on Sephamber 30, 2016. (Recond debis fest the credits. Exclude explanations from any journal entries) Choose from any list or enter any number in the input felds and then click Check Answer Check Anawer

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