Question: show work on excel 2) LOL CO issued a 5-year, 12% bond of $10,000,000. Interest payments are made annually. It was issued to yield 11%.

show work on excel 2) LOL CO issued a 5-year, 12% bond show work on excel

2) LOL CO issued a 5-year, 12% bond of $10,000,000. Interest payments are made annually. It was issued to yield 11%. a. Calculate the issue price of the bond. b. Prepare the amortization table for the full life of the bond. c. Prepare the journal entries for the issuance of the bond, the first interest payment, the final interest payment, and the retirement of the bond. 2) LOL CO issued a 5-year, 12% bond of $10,000,000. Interest payments are made annually. It was issued to yield 11%. a. Calculate the issue price of the bond. b. Prepare the amortization table for the full life of the bond. c. Prepare the journal entries for the issuance of the bond, the first interest payment, the final interest payment, and the retirement of the bond

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