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In: AccountingA company issued the following semi-annual bonds: Face amount: $80,000 Couponrate: 8% ...A company issued the following semi-annual bonds: Face amount: $80,000 Couponrate: 8% Yield: 6% Life: 20 yearsa. Compute the selling price of the bonds.Prepare the journal entry for the issuance of the bonds usingthe selling price from part (a). c. Prepare the amortization schedule for only the first twointerest periods using the interest method. CASH INTERESTEXPENSE AMORTIZATION BOOKVALUEd. Prepare the journal entry to record the first interestpayment on the bonds using the schedule completed in part (c).