On January 1, 2021 Company A. issued five-year bonds with a face value of $600,000 and a stated interest rate of 6% payable semiannually on November 30 and May 31. The prevailing rate of interest for this type of bond at date of issuance was 5%.

Calculate the issue price of the bonds. (provide the total issue price of the bonds)

Prepare the journal entry to record the June 1, 2021 issuance of bonds on Company A 's books.

Prepare the journal entry to record the payment of interest on 11/30/22 on A Company's books using the effective interest method of amortization of bond premium or discount.

Prepare the adjusting entry for 12/31/22 for A Company associated with this bond.

Record the payment of interest 5/31/22 if the company does not make reversing entries.

What is the total interest expense that will be recognized over the life of the bond?

What is the impact of the bond on 2022 income given a 20% tax rate

6 an Future ordinary On June 1, 2021 Company ually on November 30 and May 31. The preva Present 7.72173 13.18079 168190 Present Present value of value of an value of an Future ordinary annuity n Value of 1 value of 1 annuity annuity due 5 1.27628 0.78353 5.52563 432948 454595 5% 5 1.33823 0.74726 5.63709 421236 4.46511 6% 10 1.28008 0.78120 11.20338 8.75206 897087 25% 0.74409 1.34392 10 11.46338 3% 8.78611 8.53020 8.10782 5% 10 12.57789 1.62889 7.36009 0.55839 7.801696% 1.79085 10 Jate the issue price of the bonds. (2 pt. entry to r