pavable serniannually on December 31 and June 30 . The flscal yoar of the coerpany is the caiendar yes Required: 2. Sournaize the entres for record the foboung: Present Value Tables Present Value Tables Bond discount, entries for bonds payable transactions instructions Present Value Tabies Chart of Accounts Ceneral Joumal Final Qucations General Journal Geoeval buthac instructions Gerceaturnalaitruction: 3. Defermune the fotal interest enpense for 20%; Andonatingtuctions 4. Wui the bond procoeds ahsoys be less than the face amount of the bonds when the contrad rate is less than the market rate of interest? Yes No. 5. Compato the pnce of $52,522,704 recened for the bonds by using the present value tables
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