29.

29 Problem 14-22 Determine bond price; record interest, report bonds at fair value [LO14-6 On January 1, 2018, NFB Visual Aids issued $800,000 of its 20-year, 6% bonds. The bonds were prced to yeld 8% Interests payable semiannually on June 30 and December 31. NFB Visual Aids records interest expense at the effective rate and elected the report these bonds at their fair value. On December 31, 2018, the fair value of the bonds was $650,000 as determined by their market value in the over-the-counter market. General (risk-free) interest rates did not change during 2021. (FV of $1, PV of $1. FVA of $1, PVA of $1, FVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) eBook option to Print References Required 1-a. Determine the price of the bonds at January 1, 2018. 1-b to 4. Prepare the necessary Journal entries Complete this question by entering your answers in the tabs below. Req 1A Req 1B to 4 Determine the price of the bonds at January 1, 2018. (Round final answer to the nearest whole dollars.) of the bonds Req 1B to 4> 50E Next> Mc 29 nf Complete this question by entering your answers in the tabs below Req 1A Req 18 to 4 eBook Print Roforences Prepare the necessary Journal entries. (If no entry is required for a transaction/event, select "No journal erty re urer in the first account field. Round final answers to the nearest whole dollars.) View transaction list Journal entry worksheet Record the issuance of bonds. Note: Enter debits before credits. Debit Credit Date General Journal on bonds payable onds payable Plex 29 of 50111 Next > Mc Graw Ch Complete this question by entering your answers in the tabs below. Req 1A Req 1B to 4 eBook Prepare the ncessary Journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollars.) Print View transaction list Journal entry worksheet Record the first interest payment. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Interest expense count on bonds payable Cash Prex29 of 50 Next > Mc Help Save & Exit Submi Check my work 29 Complete this question by entering your answers in the tabs below. Req 1AReq 1B to 4 eBook Prepare the the first account field. Round final answers to the nearest whole dollars.) necessary Journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in Print View transaction list Journal entry worksheet Record the second interest payment Note: Enter debits before credits. Date General Journal December 31 finterest expense Discount on bonds payable Cash