Iniki Bhd issues five year bonds with the following terms: Face value (RM 1,000 each) RM 10,000 Stated interest rate 8% Annual interest payment date January 1 Date of bonds January 1, 2018 Date of...

Extracted text: Iniki Bhd issues five year bonds with the following terms: Face value (RM 1,000 each) RM 10,000 Stated interest rate 8% Annual interest payment date January 1 Date of bonds January 1, 2018 Date of maturity December 31, 2022 The company's required rate of return is 6%. Required:- (i) Calculate the selling price of the bonds, rounded to the nearest Ringgit Malaysia. (ii) Prepare the journal entries to record the bond issuance. (iii)Prepare the amortization schedule, assuming the amortization is recorded on interest payment dates.