Illustration #1 - BOND issued @ PAR Collandra Co. issues $100,000 Bond on Jan 1, 2020, dae in 5 years on Dec 31, 2024 with 7% stated interest rate payable annually a year-end. At the time of issue, the market rate for such boods is also 7% D. Prepare the Joumal entry for the issuance of the band, subsequent payments of interest and motivation of discounts, and final payment of the principal Date Accounts Debe Cerdit Jan 1, 2010 Dec 31, 2020 A Compute the present value of the bond IV of the principal: PV of the interest payments PV (selling price of the bonds Dec 31, 2021 Dec 31, 2022 B. Interest Computation & Amortization of Discounts or Premium Interest Computation Discount or Premium Dec 31, 2003 Dec 31, 20:24 C Prepare Bond Amortization Schedule Bond Amortization Schedule Annual Interest Payment 5-Year, 7 Seated Interest Rand Sell to Yiell market rate 29 Dane Ini Carine Pald Premium mm Vale And Jan 1, 2020 Dec 31, 2010 Dec 31, 2021 Dec 31, 2022 Dec 31, 2003 Dec 31, 2024