Exercise 14-3 (Algo) Determine the price of bonds; issuance; effective interest (LO14-2] The Bradford Company issued 12% bonds, dated January 1, with a face amount of $95 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: 1. Determine the price of the bonds at January 1, 2021. 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Reg 1 Req 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answer whole dollars.) Price of bonds Reg1 Req 2 to 4 Reg 1 Req 2 to 4 Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interes on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is required "No journal entry required" in the first account field.). View transaction list Journal entry worksheet 1 2 3 > Record the bond issuance by the Bradford Company. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Reg 1 Reg 2 to 4 Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, inte on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is requ "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the interest on June 30, 2021 (at the effective rate). Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 Record entry Clear entry View general journal Req 1 Req 2 to 4 Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, inter on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is requi "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 2 3 > Record the interest on December 31, 2021 (at the effective rate). Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021