freem On By 12016. Tone Cmen Union (TCU and T. 20-year bonds payable with tocava 5500,000. The bonds pay merort on June 30 and December at Read the Requirement the market rierest rate s won Tests bonds, wil the bonds be priced at tage vedo, sto promum, gesto decount? Explain The 7% bonded when the market meestal will be Phu Mesiroment them wereo role in wen TCU The 7 bonds win the market wil be If the market in Wien TCU U benen, wie bende bered to Registrements. The stue price of the bonds Journaire the Voluntemum. Ortado? pran tundu Whole the manier when to the weten before Vremum, con me te of bowy 1. 2018 The more and is om te bonne Dute Aanin piaans of the bones on ww1.2016 Payment of in onune 2011 6. Payment of land more on December 31, 2018 Hennent of the bodo muy on December 31, 2007, Discount on Blondi Pale Hey I way || 444 firem of the cell promontore Done dondeco Choose from any ist or amor any number in the input fields and then click Check Answer ret reth On January 1, 2018, Teachers Credit Union (TCU) issued 7%, 20-year bonds payable with face value of $500,000. The bonds pay interest on June 30 and December 31. Read the requirements Requirement 1. If the market interest rate is 5% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 7% bonds issued when the market interest rate is 5% will be Requirements Requirement 2. If the market interest rate is 8% when TCU issues The 7% bonds issued when the market interest rate is 8% will be 1. If the market interest rate is 5% when TCU issues its bonds, will the bonds be priced at face Requirement 3. The issue price of the bonds is 95. Journalize the value, at a premium, or at a discount? Explain. Journal entry. Round your answers to the nearest whole dollar) 2. If the market interest rate is 8% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. a. Journalize the issuance of the bonds on January 1, 2018 3. The issue price of the bonds is 95. Journalize the following bond transactions: Accounts and Explanation a. Issuance of the bonds on January 1, 2018 b. Payment of Interest and amortization on June 30, 2018. 2018 c. Payment of interest and amortization on December 31, 2018. Jan. 1 Cash d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest Discount on Bondu Payable payment has already been recorded. Jebits Date Print Done Issued bonds at a discount Choose from any list or enter any number in the input fields and then click Check