1. Assume that on April 1, 2016, Yukon, Corp., issues 10 percent, 10-year bonds payable with maturity value of $800,000. The bonds pay interest on March 31 and September 30, and Yukon amortizes any premium or discount by the straight-line method. Yukon's fiscal year-end is December 31.

Question Help . Assume that on April 1, 2016, Yukon, Corp ssues 10 percent, 10-year bonds payable with maturity value of $800,000.The bonds pay interest on March 31 and September 30, and Yukon amortizes any premium or discount by the straight-ine method. Yukon's fiscal year-end is December 31 Read the requirements Requirement 1if the market interest rate is 9 25 percent when Yukon Corp. issues its bonds, wil the bonds be priced at par, at a premium, or at a discount? The 10 percent bonds issued when the market interest rate is 9.25 percent will be priced at nvestors will pay Requirem ent 2tho market interest rate is 10.5 percent when Yukon Corp. issues its bonds, wil the bonds be priced at par, at a premium, or ata discount? They are r, this market, so toacuire them. They ar m mare inthis market, so The 10 percent bonds issued when the market interest rate is 10.5 percent will be priced at investors wil pay so acquire them. Requirement 3. Assume that the issue price of the bonds is $848,000. Journalize each of the bonds payable transactions (Do not round any intermediary computations, but then round all amounts you input into the journal entry tables to the nearest whole dolar. Reoord debits first, then credits. Exclude explanations from any journal entries.) a. Issuance of the bonds on Apnil 1, 2016. Journal Entry Date Debit Credit Apr 1, 2016 b. Payment of interest and amortization of premium on September 30, 2016 Journal Entry Sep 30, 2016 c. Accrual of interest and amortization of premium on December 31, 2016 Joumal Entry Credit Dec 31, 2016 d. Payment of interest and amortization of premium on March 31, 2017 Journal Entry Debit Credit Mar 31, 2017 Choose from any list or enter any number in the input fields and then continue to the next question Question Help . Assume that on April 1, 2016, Yukon, Corp ssues 10 percent, 10-year bonds payable with maturity value of $800,000.The bonds pay interest on March 31 and September 30, and Yukon amortizes any premium or discount by the straight-ine method. Yukon's fiscal year-end is December 31 Read the requirements Requirement 1if the market interest rate is 9 25 percent when Yukon Corp. issues its bonds, wil the bonds be priced at par, at a premium, or at a discount? The 10 percent bonds issued when the market interest rate is 9.25 percent will be priced at nvestors will pay Requirem ent 2tho market interest rate is 10.5 percent when Yukon Corp. issues its bonds, wil the bonds be priced at par, at a premium, or ata discount? They are r, this market, so toacuire them. They ar m mare inthis market, so The 10 percent bonds issued when the market interest rate is 10.5 percent will be priced at investors wil pay so acquire them. Requirement 3. Assume that the issue price of the bonds is $848,000. Journalize each of the bonds payable transactions (Do not round any intermediary computations, but then round all amounts you input into the journal entry tables to the nearest whole dolar. Reoord debits first, then credits. Exclude explanations from any journal entries.) a. Issuance of the bonds on Apnil 1, 2016. Journal Entry Date Debit Credit Apr 1, 2016 b. Payment of interest and amortization of premium on September 30, 2016 Journal Entry Sep 30, 2016 c. Accrual of interest and amortization of premium on December 31, 2016 Joumal Entry Credit Dec 31, 2016 d. Payment of interest and amortization of premium on March 31, 2017 Journal Entry Debit Credit Mar 31, 2017 Choose from any list or enter any number in the input fields and then continue to the next