21:42 On January 1, 2021, Bishop Company issued 10% bonds dated January 1, 2021, with a face amount of $19.1 million. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (EV of $1. PV of $1. EVA of $1, PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations to the nearest whole dollar.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2021. 3. Prepare the journal entry to record interest on June 30, 2021, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2021, using the effective interest method. Complete this question by entering your answers in the tabs below. G Required 1 Required 2 Required 3 Required 4 Determine the price of the bonds at January 1, 2021. Bond value Required Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 45 Prepare the journal entry to record the bond issuance by Bishop on January 1, 2021 select "No journal entry required" in the first account field. Round your answers to 2 View transaction list Journal entry worksheet Record the issuance of bonds by Bishop. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Cred 0 quired 1 Required 2 Required 3 Required 4 pare the journal entry to record interest on June 30, 2021, using the effective inter saction/event, select "No journal entry required" in the first account field. Enter yo ew transaction list Journal entry worksheet 1 Record the interest on June 30, 2021, using the effective interest method. Note: Enter debits before credits Date June 30, 2021 General Journal Debit Credit Record entry Clear entry < Prev 3 of 34 Next > C FS % E 16 FT & 29 5 6 7 D FO P FO F10 8 9 View general ired 1 Required 2 Required 31 Required 4 re the journal entry to record interest on December 31, 2021, using the effective in action/event, select "No journal entry required" in the first account field. Enter your transaction list ournal entry worksheet Record the interest on December 31, 2021, using the effective interest nethod. Enter debits before credits Date ecember 31, 2021 General Journal Debit Credit Clear entry Record entry < Prev 3 of 34 Next > View general jou % 6 C 45 FO & B FO F9 CUM #10 -- P11 7 8 9 0