Hondor Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, 2021 The stated interest rate was payable at the end of each year. The bonds mature at the end of four years. The following schedule has been completed (amounts in thousands). Interest Amortization Date Cash January 1, 2021 Balance $8,745 End of year 2021 $ 645 $ 612 $33 8,712 End of year 2022 645 610 35 8,677 End of year 2823 645 ? ? ? End of year 2024 645 40 8,600 Required: 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP: The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Kequired 6 Required 7 Required 8 Required 9 Complete the amortization schedule. (Enter your answers in thousands. Round your answers to the nearest whole dollar.) Date January 1,2021 Cash Interest Amortization Balance S 8,745 End of Year 2021 End of Year 2022 645 $ 645 612 $ 33 8,712 610 35 8,677 End of Year 2023 645 End of Year 2024 645 40 8,600 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Complete the amortiz Required 2 (Enter your answers in thousands. Round your answers to the nearest whole dollar.) Date Cash Interest Amortization Balance January 1, 2021 $ 8,745 End of Year 2021 $ 645 $ 612 $ 33 8,712 End of Year 2022 645 610 35 8,677 End of Year 2023 645 End of Year 2024 645 Required 1 40 8,600 Required 2 > been completed (amounts in thousands). Date Cash Interest January 1, 2021 Amortization $ 8,745 Balance End of year 2021 $ 645 End of year 2022 645 $ 612 610 $ 33 8,712 35 8,677 End of year 2023, 645 2 ? ? End of year 2024 645 ? 40 8,600 Required: 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP. The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 What was the maturity amount (face value) of the bonds? (Enter your answer in thousands.) Maturity Amount Date: January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Required: Cash Interest Amortization $ 8,745 Balance $ 645 $ 612 645 610 $ 33 35 8,712 8,677 645 2 ? ? 645 40 8,600 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP: The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8. Required 9 How much cash was received at date of issuance (sale) of the bonds? (Enter your answer in thousands.) Cash Received < Required 2 Required 4 > 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP. The stated interest rate can be calculated by comparing the cash payment to the face value o the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Required 6 Required 7 Required 8 Required 9 Was there a premium or a discount? If so, sich and how much was it? (Enter your answer in thousands.) < Required 3 Required 5 > VOLE POR LECOCAME January 1, 2021 $ 8,745 End of year 2021 $ 645 $ 612 $ 33 8,712 End of year 2022 645 610 35 8,677 End of year 2023 645) ? ? ? End of year 2024 645 ? 40 8,600 Required: 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP: The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Requires Required 6 Required 7 Required 8 Required 9 How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? (Enter your answer in thousands.) Interest Each Period Total Interest < Required 4 Required 6 > Date Cash Interest January 1, 2021 Amortization Balance $ 8,745 End of year 2021 $ 645 $612 End of year 2022. 645 610 $ 33 35 8,712 8,677 End of year 2023 645 ? ? ? End of year 2024 645 ? 40 8,600 Required: 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP. The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 What is the stated interest rate? TIP: The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. (Round your answer to 1 decimal place.) Stated Rate of Interest < Required 5 Required 7 > Date Cash Interest January 1, 2021 Amortization Balance $ 8,745 End of year 2021 $ 645 $ 612 End of year 2022 645 610 $ 33 35 8,712 8,677 End of year 2023 645 2 P ? End of year 2024 645 ? 40 8,600 Required: 1. Complete the amortization schedule 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP: The stated interest rate can be calculated by comparing the cash payment to the face value of the bond 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Requed 7 Required 8 Required 9 What is the market interest rate? (Round your answer to the nearest whole percent.) Market Interest Rate < Required 6 Required 8 > End of year 2023 End of year 2024 645 645 Required: A. A. ? 8- 40 8,600 1. Complete the amortization schedule. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of issuance (sale) of the bonds? 4. Was there a premium or a discount? If so, which and how much was it? 5. How much cash is paid for interest each period and will be paid in total for the full life of the bond issue? 6. What is the stated interest rate? TIP. The stated interest rate can be calculated by comparing the cash payment to the face value of the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 What amount of interest expense should be reported on the income statement each year? (Enter your answers in thousands.) Interest Expense Year 2021 2022 2023 2024 the bond. 7. What is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9. Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Required 6 Required 7 Required 8 Required 9 Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. (Enter your answers in thousands.) HONDOR CORPORATION Balance Sheet (partial) 2022 2023 Current Liabilities Bonds, net Long term Liabilities Bonds, net