Assume that on February 1 2018. Roland Corp issues 9 percent, 10-year bonds payable with a maturty value of $700 000. The bonds pay interest on January 31 and July 31, and Roland amortizes any premium of discount using the straight line method. Rolands Escal year and is December 31 Read the requirements to acquire Requirement 1. If the market interest rate is 8.5 percent when Roland Corp issues its bonds will the bonds be priced at para a premium or at a discount? Explain The 9 percent bonds issued when the market interest rate is 8.5 percent will be priced at They are in this market, so investors will pay them Requirement 2. If the market interest rate is 105 percent when Roland Corp. issues bonds, will the bonds be priod at par at a premium or at a discount? Explain The 9 percent bonds issued when the market interest rate is 105 percent be priced at They are in this market, so investors will pay them to acquire Requirement 3. Assume that the issue price of the bonds is $742 000 Journalive each of the bonds payable transactions. Do not round any intermediary computation but the round all amounts you input into the journal entry tables to the nearest whole dollar Record debitirst, then credits Exclude explanations from any journal entries a. Issuance of the bonds on February 1, 2018 Journal Entry Accounts Date Credit Choose from any stor enter any number in the input beds and then continue to the next question * Requirements - X Roland Corp thod. Roland July 31, and erest rate is 8.5 n the marketing 1. If the market interest rate is 8.5 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain 2. If the market interest rate is 10.5 percent when Roland Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain 3. Assume that the issue price of the bonds is $742,000. Journalize the following bonds payable transactions (round amounts to the nearest dollar) a. Issuance of the bonds on February 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018 C. Accrual of interest and amortization of premium on December 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019 terest rate is 10 en the marketing fill pay his, but then round he issue price of ast whole dollar Print Done Assume that on February 1, 2018, Roland Corp. issues 9 percent, 10-year bonds payable with a maturity value of $700,000. The bonds pay interest on January 31 a discount using the straight-line method. Roland's fiscal year end is December 31 Read the requirements Journal Entry Accounts Debit Credit Date Feb 1, 2018 b. Payment of interest and amortization of premium on July 31, 2018 Journal Entry Date Accounts Jul 31, 2018 Assume that on February 1, 2018, Roland Corp. issues 9 percent, 10-year bonds payable with a maturity value of $700,000. The discount using the straight-line method. Roland's fiscal year end is December 31 Read the requirements c. Accrual of interest and amortization of premium on December 31, 2018 Journal Entry Accounts Debit Credit Date Dec 31, 2018 d. Payment of interest and amortization of premium on January 31, 2019. Indmel Ent. Last Lead the requirements Date Dec 31, 2018 Accounts Debit Credit d. Payment of interest and amortization of premium on January 31, 2019 Journal Entry Accounts Debit Credit Date Jan 31, 2019 Assume that on February 1, 2018, Roland Corp. issues 9 percent, 10-year bonds payable with a maturity value of $7 discount using the straight-line method. Roland's fiscal year end is December 31. Read the requirements. Requirement 1. If the market interest rate is 8.5 percent when Roland Corp. issues its bonds, will the bonds be price . They The 9 percent bonds issued when the market interest rate is 8.5 percent will be priced at them. Requirement 2. If the market interest rate is 10.5 percent when Roland Corp. issues its bonds, will the bonds be price The The 9 percent bonds issued when the market interest rate is 10.5 percent will be priced at them Requirement 3. Assume that the issue price of the bonds is $742,000. Journalize each of the bonds payable transacti journal entry tables to the nearest whole dollar. Record debits first, then credits. Exclude explanations from any journal a. Issuance of the bonds on February 1, 2018 Journal Entry Date 1 Accounts Debit Credit nan Chance from anu liet nr antar anu number in the industrial and than nontinue to the in ar bonds payable with a maturity value of $700,000. The bonds pay interest on January 31 and July 31, and Roland amortizes any premium or -mber 31 Corp. issues its bonds will the bonds be priced at par, at a premium, or at a discount? Explain It will be priced at They are in this market, so investors will pay to acquire Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. nt will be priced at They are in this market, so investors will pay to acquire Journalize each of the bonds payable transactions. (Do not round any intermediary computations, but then round all amounts you input into the credits. Exclude explanations from any journal entries.) Debit Credit on continue to the next