P14AB-37A Determining the present value of bonds payable and journalizing using the effective-interest amortization method Brad Nelson, Inc. issued $600,000 of 7%, six-year bonds payable on January 1, 2018 The market interest rate at the date of issuance was semiannually Learning Objectives 7, 8 Appendixes 14A, 14B C 6%, and the bonds pay interest 3 Jan 1, 2018, Cash $629.634 1 How much cash did the company receive upon issuance of the bonds payable? 2 Prepare an amortization table for the bond using the effective-interest method, Requirements Round to the nearest dollar) through the first two interest payments. (Round to the nearest dollar.) 3. Journalize the issuance of the bonds payments of the semiannual interest amount and amortization of the bonds on January 1, 2018, and the first and second on June 30, 2018, and December 31, 2018. Explanations are not required