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Hartle Corporation issued $540 of 6%, 10 year bonds payable on March 31, 2022. The...

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Accounting

Hartle Corporation issued $540 of 6%, 10 year bonds payable on March 31, 2022. The market interedt rate at the date of issuance was 8%, and the bonds pay interet semiannually. Hartley Corporation's year-end is March 31.
1. Using the PV function in Excel, calculate the issue price of goods.
2. Prepare anceffective-interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar.
3. Record Hartley Corporation's issuance of the bonds on March 31, 2022, and payment of the first semiannual interest amount and amortization of the bond discount on September 30, 2022.

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