-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly. Amortization Schedule Year Amount Unamortized Carrying Value Cash Interest 1/1/2014 $8,995 $ 150,205 2014 $17,512 $18,025 8,482 150,718 2015 17,512 18,086 7,908 151,292 2016 17,512 18,155 7.265 151.935 2017 17,512 18,232 6,545 152,655 2018 17,512 18,319 5.738 153,462 2019 17,512 18,415 4,835 154,365 2020 17,512 18,524 3,823 155,377 2021 17,512 18,645 2,690 156,510 Question 8 of 8 2016 17.512 18.155 7,265 151.935 2017 17.512 18,232 6,545 152,655 2018 17.512 18,319 5.738 153,462 2019 17,512 18,415 4,835 154,365 2020 17,512 18,524 3,823 155.377 2021 17.512 18,645 2,690 156,510 2022 17,512 18,781 1.421 157.779 2023 17,512 18.933 159.200 (a) Indicate whether the bonds were issued at a premium or a discount (b) Indicate whether the amortization schedule is based on the straight-line method or the effective interest method, (c) Determine the stated interest rate and the effective-interest rate. (Round answers to 0 decimal places, e.g. 18%.) Question 8 of 8 -/1 (c) Determine the stated interest rate and the effective interest rate. (Round answers to 0 decimal places, e.g. 18%.) The stated rate 90 The effective rate (d) On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2014. (If no entry is required, select "No Entry for the account titles and enter for the amounts, Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date January 1. 2014 (e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014.(Interest is Question 8 of 8 -/1 (e) On the basis of the schedule above, prepare the journal entry to reflect the bond transactions and accruals for 2014. (Interest is paid January 1) (if no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Date December 31. 2014 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Bridgeport Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Question 8 of 8 > -/13 (f) On the basis of the schedule above, prepare the journal entries to reflect the bond transactions and accruals for 2021. Bridgeport Corporation does not use reversing entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Savn for later Attempts: 0 of 3 used Submit