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checking my method for 5-7 . Please assist On dahuary 1,2021 , Labtech Circuis borrowed $290,000 from first Bank by issuing a three-year, 9% note,

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checking my method for 5-7 . Please assist

On dahuary 1,2021 , Labtech Circuis borrowed $290,000 from first Bank by issuing a three-year, 9% note, payable on December 31 , The agrechertert called for the company to receive paymented on January 1.2021, and designated the swap as a fair value hedge. The agreement caled for the company to receive payment based on an 9% fixed interest rate on a notional amount of $290.000 and Floating (LBOR) settlement rates were 9% at inception and 10\%, 8%, and 8% at the end of 2021,2022 , and 2023, respectively. The fair values of the swap are quotes obtained from a derivatives dealer. These quotes and the fair values of the note are as follows: Required: 1. Caiculate the net cash settiement at the end of 2021,2022 and 2023 . 2. Prepare the journa enties during 2021 to record the issuance of the note, interest, and necessary adjustments for changes in fair 3. Prepare the jourmal entries during 2022 to record interest, net cash interest settlement for the interest rate swap, and necessary 4. 4. Preparents for changes in fairvalue. b. purnal entries duning 2023 to record interest, net cash interest settlement for the interest rate swap, necessary 4. Pjimsiments frechanges in fair yalue, and tepayent of the debt 3. Caculate ffre bosk waizes of both the swap account and the note in each of the three years 7. Supbose the failvalue of the inote at December 31, 2021, had been $277.000 rather than $286.341 whith the additonal decline in fair. value due to investors perceptions that the creditworthiness of Labtech was worsening. How would that affect your entries to record Complete this question by entering your answers in the tabs below. Calculate be book valus of 50 th the shipip accountand the note in each of the three veart. in the tabs below. the note in each of the three years. On dahuary 1,2021 , Labtech Circuis borrowed $290,000 from first Bank by issuing a three-year, 9% note, payable on December 31 , The agrechertert called for the company to receive paymented on January 1.2021, and designated the swap as a fair value hedge. The agreement caled for the company to receive payment based on an 9% fixed interest rate on a notional amount of $290.000 and Floating (LBOR) settlement rates were 9% at inception and 10\%, 8%, and 8% at the end of 2021,2022 , and 2023, respectively. The fair values of the swap are quotes obtained from a derivatives dealer. These quotes and the fair values of the note are as follows: Required: 1. Caiculate the net cash settiement at the end of 2021,2022 and 2023 . 2. Prepare the journa enties during 2021 to record the issuance of the note, interest, and necessary adjustments for changes in fair 3. Prepare the jourmal entries during 2022 to record interest, net cash interest settlement for the interest rate swap, and necessary 4. 4. Preparents for changes in fairvalue. b. purnal entries duning 2023 to record interest, net cash interest settlement for the interest rate swap, necessary 4. Pjimsiments frechanges in fair yalue, and tepayent of the debt 3. Caculate ffre bosk waizes of both the swap account and the note in each of the three years 7. Supbose the failvalue of the inote at December 31, 2021, had been $277.000 rather than $286.341 whith the additonal decline in fair. value due to investors perceptions that the creditworthiness of Labtech was worsening. How would that affect your entries to record Complete this question by entering your answers in the tabs below. Calculate be book valus of 50 th the shipip accountand the note in each of the three veart. in the tabs below. the note in each of the three years

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