Question: please explain example as close to the problem, so its easy to understand. Problem 9-3B Calculate the issue price of a bond and prepare amortization



Problem 9-3B Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-6) IThe following information applies to the questions displayed below. Christmas Anytime issues $650,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year Calculate the issue price of a bord and complete the first three rows of an amortization schedule when: References Section Break Problem 9 38 Calculate the issue price of a bond and prepare amortization schedules (Lo9-5, 9-6) 12. $00 points Required informatiorn Problem 9-3B Part Required: 1. The market interest rate is 5% and the bonds issue atace amount evotS1. Pyots1. EvaotS. and PVAofS1) (use appropriate factors) from the tables provided. Do not round interest rate factors.) price Required: 1. The market interest rate is 5% and the bonds issue at face amount (Ey0S1. PyoS1. EAors1, and PVA0S1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) ssue pice Pai Interest Increase in Carrying Value Date Cash Expense Carrying Value 01/01/18 06/30/18 12/31/18 Problem 9-3B Part 2 2. The market interest rate is 6% and the bonds issue at a discount. ROSI, PyotS1. AAOSI, and PVAofS1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) ssue price Date Cash Paid Interest Increase in Carrying Expense Carrying ValueValue 01/01/18 06/30/18 12/31/18 3. The market interest rate is 4% and the bonds issue at a premium mum Pyos1. E Aasland P Aors) (Use appropriate factorts) from the tables provided. Do not round interest rate factors) Date Cash Paid Interest Decrease in Expense Carrying Value Carrying Value 01/0118 06/30/18 12/31/18
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