Chapter 14 Saved Help Save & Exit Submit Check my work 6 National Orthopedics Co. issued 8% bonds, dated January 1, with a face amount of $450,000 on January 1, 2018. The bonds mature on December 31, 2021 (4 years). For bonds of similar risk and maturity the market yield was 10 %. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use apppropriate factor(s) from the tables provided.) 10 points Required: 1. Determine the price of the bonds at January 1, 2018. 2. Prepare the journal entry to record their issuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. Prepare the appropriate journal entries at maturity on December 31, 2021. Skipped eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print Determine the price of the bonds at January 1, 2018. (Round final answers to the nearest whole dollar.) References Table values are based on: i= Cash Flow Amount Present Value interest Principal Price of bonds Required 2 Mc Graw Hill Mc