Question: For questions 2 and 3 use calculations from the effective interest rate method. 2. On July 1, 2019 Valley called and retired half (50%) o

For questions 2 and 3 use calculations from the effective interest rate method. 2. On July 1, 2019 Valley called and retired half (50%) o the bonds at 102, Make the journal entry to record the retirement of the bonds Please use excel worksnee lat the Cesi WORK IN SYSTEMATIC ORDER TO RECEIVE FULL CREDIT 1. Valley Manufacturing Co. issued a five (5) year $600,000 8%. The bond certificate indicates that interest is paid quarterly on April 1, July, 1, October 1 and January 1. callable bond on January 1, 2015. The coupon rate is 12% and For questions 2 and 3 use calculations from the effective interest rate method. 2. On July 1, 2019 Valley called and retired half (50%) o the bonds at 102, Make the journal entry to record the retirement of the bonds Please use excel worksnee lat the Cesi WORK IN SYSTEMATIC ORDER TO RECEIVE FULL CREDIT 1. Valley Manufacturing Co. issued a five (5) year $600,000 8%. The bond certificate indicates that interest is paid quarterly on April 1, July, 1, October 1 and January 1. callable bond on January 1, 2015. The coupon rate is 12% and

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