Question: Need help!! Tranquility. Inc. is authorized to issue 14%, 10-year bonds payable on January 1 016, when the market interest rate is 16% the o

Need help!!

Need help!! Tranquility. Inc. is authorized to issue 14%, 10-year bonds payable

Tranquility. Inc. is authorized to issue 14%, 10-year bonds payable on January 1 016, when the market interest rate is 16% the o mpany iss C the s. The bonds payintera annual, as on ser (Click the icon to view the Present Value of $1 table.)(Click the io to view the Present Value of Annuity of $1 table.) (Click the co n toview the Future Value of $1 table )(Click the icon to view the Future Value of Annuity of $1 table ) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) Upon issuancs of the bonds payable, the company received s Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round all numbers to the nearest whole dollar.) the first semiannual interest amount and amortization of the bond on June 30, 2016. Explanations are not required 3. Joumalize the issuance of the bonds on January 1, 2016, and payment of Print Done

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