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Angela Company issued $600,000,12-year bonds on July 1,2022 . The bond carried a rate of 14% while the market rate at the time was 12%. REQUIRED: (1) Determine amount of cash received on July 1 (must use the 4-step process to show work). (2) Determine the amount of interest expense and amortization on 12/31 using straight-line method (3) Determine the amount of interest expense and amortization on 6/3,23, using straight-line method (4) Determine the amount of interest expense and amortization on 12/31 using effective interest method (5) Determine the amount of interest expense and amortization on 6/3,23, using effective interest method 1. 45 POINTS (a) Compute Bond Issue Price and Record the Journal Entry. Must show all 4 steps to get credit for this!! (b) Record the First and Second semi-annual interest payments AND amortization using the Straight-Line Method. (c) Record the First and Second semi-annual interest payment AND amortization using the Effective Interest Method

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