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Sciamanna Corporation issued $300,000 of 16%,10-year bonds payable on January 1,2022. The market interest rate...

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Accounting

Sciamanna Corporation issued $300,000 of 16%,10-year bonds payable on January 1,2022. The market interest rate at the date of issuance was 14%, and the bonds pay interest semiannually (on June 30 and December 31). Sciamanna Corporation's year-end is June 30.
Read the requirements.
Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.)
The issue price of the bonds is
2. Prepare an effective-interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar.
\table[[,,,,Premium,Bond],[Semiannual,Interest,Interest,Premium,Account,Carrying],[Interest Date,Payment,Expense,Amortization,Balance,Amount],[Jan1,2022,,,,31,782,331,782],[Jun 30,2022,24,000,,,,]]
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