Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm. Requirements1.2.Use the PV function in Excel to calculate the issue price of the bonds.Prepare a bond amortization table for the first four semiannual interestperiods.3. Record the issuance of bonds payable on June 30, 2021; the payment ofinterest on December 31, 2021; and the payment of interest on June 30,2022.-X On June 30, 2021, the market interest rate is 5%. Champ Corporation issues $650,000 of 10%, 30-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bondpremium using the effective-interest method.Read the requirements.Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.)The issue price of the bonds is

The bond can be issued at a coupon rate greater than the market interest rate. The bonds have an…

On June 30, 2021, the market interest rate is 5%. Champ Corporation issues $650,000 of 10%, 30-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bond premium using the effective-interest method. Read the requirements. (...)

On June 30, 2021, the market interest rate is 5%. Champ Corporation issues $650,000 of 10%, 30-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bond premium using the effective-interest method. Read the requirements. (...)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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