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On January 1, 2017, Culver Copy Machine Company issued 45 $1,000 face-value bonds with a stated annual rate of 12 percent that mature in ten years. Interest is paid semiannually on June 30 and December 31. The bonds were issued at face value Prepare the entry to record the issuance of these bonds on January 1, 2017. (Credit account ttles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit Date Account Titles and Explanation 1/1/17 (Issued bonds for ) Pratt, Financial Accounting, 10e Prepare all the entries associated with these bonds during 2017 (excluding the entry to record the issuance).( entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and Date Account Titles and Explanation Debit Credit (Incurred and paid interest.) (Incurred and paid interest.) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Compute the balance sheet value of the bond liability as of December 31, 2017 Balance sheet values 9 E O A w Compute the balance sheet value of the bond liability as of December 31, 2017. Balance sheet value $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the present value of the bond's remaining cash flows as of December 31, 2020, using the effective rate at issuance. places, e.g. 1.25124 and the final answer to 2 decimal places e.g. 589.71.) Present value $ Compute the balance sheet value of the bond liability as of December 31, 2021. Balance sheet value SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the present value of the bond's remaining cash flows as of December 31, 2021, using the effective rate at issuance. (R places, e.g. 1.25124 and the final answer to 2 decimal places e.g. 589.71.) Present value

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