For Industry C, prepare the journal entry to record the issuance of Frenza bonds on January 1, Year 1. Important! Be sure to click the correct Industry at the top of the dashboard. View transaction list Journal entry worksheet 1 Record the issuance of the bonds on January 1, Year 1. Note: Enter debits before credits. Date Jan 01 General Journal Debit Credit View general journal Record entry Clear entry For Industry C, prepare the journal entry to record the first interest payment and amortization on June 30, Year 1. Important! Be sure to click the correct Industry at the top of the dashboard. View transaction list Journal entry worksheet 1 Record the semiannual interest payment and amortization on June 30, Year 1. Note: Enter debits before credits. Date Jun 30 General Journal Debit Credit Journal entry worksheet 1 Record the semiannual interest payment and amortization on December 31, Year 1. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit View general journal Record entry Clear entry For Industry C, prepare the journal entry to record the maturity of the bonds on December 31, Year 3. Assume semiannual interest is already recorded. Important! Be sure to click the correct Industry at the top of the dashboard. View transaction list Journal entry worksheet 1 Record the payment of bonds at the maturity date, December 31, Year 3. Assume semiannual interest is already recorded. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit View general journal Record entry Clear entry $140,000 $120,000 Frenza Bond Amortization $100,000 $80,000 $60,000 Frenza: January 1, Year 1 $40,000 Carrying Value: $123,200 $20,000 Carrying Value Unamortized Discount January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 3 Year 2 $140,000 $120,000 $100,000 Frenza Bond Amortization Carrying Value Unamortized Discount $80,000 $60,000 $40,000 $20,000 Frenza: June 30, Year 1 Carrying Value: $126,000 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 2 Year 3 $140,000 $120,000 $100,000 Frenza Bond Amortization Carrying Value Unamortized Discount $80,000 $60,000 $40,000 $20,000 Frenza: December 31, Year 1 Carrying Value: $128,800 January 1, Year June 30, Year 1 December 1 Year 1 Year 2 31, June 30, Year 3 December 31, Year 3 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 Frenza Bond Amortization Frenza: June 30, Year 2 Carrying Value: $131,600 Carrying Value Unamortized Discount January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 2 Year 3 The founder of Frenza asks us to assist her in the accounting and analysis of the corporation's bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications of further debt issuances as she looks for ways to finance the growth of Frenza. The following Tableau Dashboard is provided to help us address her questions and provide recommendations. Select Industry - B _C_ _D_ _G_ __H___ Frenza Bond Amortization Carrying Value Unamortized Discount $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 Frenza: December 31, Year 2 Carrying Value: $134,400 1 January 1, Year June 30, Year 1 December 31, June 30, Year 2 Decem Year 1 Year 2 ber 31, Year 3 The founder of Frenza asks us to assist her in the accounting and analysis of the corporation's bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications of further debt issuances as she looks for ways to finance the growth of Frenza. The following Tableau Dashboard is provided to help us address her questions and provide recommendations. Select Industry __A____ B _C_ D _G_ _H_ Frenza Bond Amortization $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, 1 Year 1 Year 2 Carrying Value Unamortized Discount Frenza: June 30, Year 3 Carrying Value: $137,200 Year 3 The founder of Frenza asks us to assist her in the accounting and analysis of the corporation's bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications of further debt issuances as she looks for ways to finance the growth of Frenza. The following Tableau Dashboard is provided to help us address her questions and provide recommendations. Select Industry _A_ B _C_ D _E_ Frenza Bond Amortization $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 Carrying Value Unamortized Discount January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, 1 Year 1 Year 2 Frenza: December 31, Year 3 Carrying Value: $140,000 Year 3 Frenza $75,000 $50,000 $25,000 $0 Cash Cash & Inventory for Competing Companies Frenza Cash: $77,000 Inventory Cash Inventory Cash Inventory Lika Nelo Frenza $75,000 $50,000 $25,000 $0 Cash Inventory Cash & Inventory for Competing Companies Frenza Inventory: $42,000 Invent Lika Nelo Inventory Frenza $75,000 $50,000 $25,000 $0 Cash Inventory Cash & Inventory for Competing Companies Cash Inve Lika Cash: $44,800 Inve Lika Nelo Cash & Inventory for Competing Companies Frenza $75,000 $50,000 $25,000 $0 Cash Inventory Cash Inventory 10% Lika Nelo 8% Lika Inventory: $58,800 Invent Net I 6% 4% 2% 0% Cash & Inventory for Competing Companies Frenza $75,000 $50,000 $25,000 $0 10% Lika Nelo 8% Cash 6% 4% 2% 0% Nelo Cash: $25,200 In Total E Cash & Inventory for Competing Companies Frenza $75,000 $50,000 $25,000 Market R 10% Frenza Lika Nelo 8% 6% 4% 2% 0% 90 $0 Nelo Total I Inventory: $9,800 $1 Total Equity $5 Market Rate for Company Bonds 10% Frenza 8% 6% 4% 2% 0% Frenza Market Rate for Bonds: 9% Total Equity & Net Income Nelo Frenza Lika Nelo Net Income $140,000 $266,000 $119,000 Total Equity $560,000 $742,000 $385,000 10% Market Rate for Company Bonds Frenza 8% Lika 6% 4% 2% 0% Lika Market Rate for Bonds: 7% Total Equity & Net Income Frenza Lika Nelo Net Income $140,000 $266,000 $119,000 Total Equity $560,000 $742,000 $385,000 10% 8% Market Rate for Company Bonds Frenza 6% 4% 2% 0% Lika Nelo Nelo Market Rate for Bonds: 4% Total Equity & Net Income Frenza Lika Nelo Net Income $140,000 $266,000 $119,000 Total Equity $560,000 $742,000 $385,000 L