Question: PLEASE NEED HELP ASAP! SHOW WORK!! I WILL APPRECIATE IT!! Problem 4: Ringo Company sold $6,000,000 worth of 12% semiannually paid, ten-year bonds on July

PLEASE NEED HELP ASAP!

SHOW WORK!!

I WILL APPRECIATE IT!!

Problem 4: Ringo Company sold $6,000,000 worth of 12% semiannually paid, ten-year bonds on July 1 2018, at a time when the market rate of interest on similar investments was 8%. The bonds pay interest on December 31st and June 30th. (a) Using the appropriate Present Value Table(s), determine the amount the bonds should sell for, their present value. (b) Journalize the necessary entry for the sale of the bonds. (c) Journalize the first interest payment on December 31, 2018 including the discount (or premium) amortization assuming the company makes use of the straight-line method of bond interest amortization

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