Tranquility?, Inc. is authorized to issue 5?%, ?10-year bonds payable. On January? 1, 2016?, when the market interest rate is 6?%, the company issues $ 400,000 of the bonds. The bonds pay interest semiannually.

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.)
3.	Journalize the issuance of the bonds on January? 1, 20162016 ?, and payment of the first semiannual interest amount and amortization of the bond on June? 30, 20162016 . Explanations are not required.

Tranquility, Inc. is authorized to issue 5%, 10-year bonds payable. On January 1, 2010, when the market interest rate is 6%, the company issues $400.000 of the bonds. The bonds pay interest semiannually. (Click the icon to view the Present Value of $1 table.)(Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view 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.) bonds payable, the company receivedS