December 31. The bonds were issued at $117,237 to yield an annual return of 12% Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to fecord interest expense on June 30, 2026, by each of the two approaches. 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026 , for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1, PV of S1. FVA of S1, PVA of S1, EVAD of S1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record interest expense on June 30, 2026, by the effective interest method. Note:-Enter debits before credits. December 31 . The bonds were issued at $117,237 to yield an annual return of 12%. Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026, for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1. PV of \$1. FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the fournal entries to record interest expense on June 30, 2026, by each of the two approaches. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record interest expense on June 30,2026 , by the straight-line method. Hote: Inter debits before credas. Problem 14-3 (Algo) Straight-line and effective interest compared [LO14-2] On January 1, 2024, Reyes Recreational Products issued $125,000,10%, four-year bonds. Interest is paid semiannually on June 30 and December 31 . The bonds were issued at $117,237 to yieid an annual return of 12%. Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30,2026 , by each of the two approaches. 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026, for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1. PV of \$1. EVA of \$1, PVA of S1. FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30, 2026, for $15,000 of the bonds? Note: Round your intermediate calculations and final answer to the nearest whole dollar. December 31. The bonds were issued at $117,237 to yield an annual return of 12% Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to fecord interest expense on June 30, 2026, by each of the two approaches. 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026 , for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1, PV of S1. FVA of S1, PVA of S1, EVAD of S1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches. Note: If no entry is required for a transaction/event, select "No fournal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record interest expense on June 30, 2026, by the effective interest method. Note:-Enter debits before credits. December 31 . The bonds were issued at $117,237 to yield an annual return of 12%. Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026, for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1. PV of \$1. FVA of \$1. PVA of \$1. FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Prepare the fournal entries to record interest expense on June 30, 2026, by each of the two approaches. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Record interest expense on June 30,2026 , by the straight-line method. Hote: Inter debits before credas. Problem 14-3 (Algo) Straight-line and effective interest compared [LO14-2] On January 1, 2024, Reyes Recreational Products issued $125,000,10%, four-year bonds. Interest is paid semiannually on June 30 and December 31 . The bonds were issued at $117,237 to yieid an annual return of 12%. Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30,2026 , by each of the two approaches. 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30,2026, for $15,000 of the bonds? Note: Use tables, Excel, or a financial calculator. (EV of \$1. PV of \$1. EVA of \$1, PVA of S1. FVAD of \$1 and PVAD of \$1) Complete this question by entering your answers in the tabs below. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30, 2026, for $15,000 of the bonds? Note: Round your intermediate calculations and final answer to the nearest whole dollar