VIEW EXERCISES REVIEW EX January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when Torerest is to be paid semiannually. Prepare calculations to prove that the selling price of the refer to the information in RE14-1. Assume Canglon uses the effective interest me epare the journal entry to record the first interest payment. car bonds with a face value of $150.000 when the effective rate is 12%. ulations to prove that the selling price of the bonds is $138,959.90. Canglon uses the effective interest method to amortize the discount