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): Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Required: Cash Interest Amortization Balance $9,355 5690 690 $ 655 652 $ 35 9,320 38 9,282 690 698 43 9,200 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 Complete the amortization schedule. (Enter your answers in thousands. Round your answers to the nearest whole dollar) Date Cash Interest Amortization Balance January 1,2021 $ 9,355 End of Year 2021 $ End of Year 2022 690 690 $ 655 $ 35 9.320 652 38 9,282 End of Year 2023 690 End of Year 2024 690 43 9,200 Required t Required 2 > 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 ra 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): Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Required: Cash Interest $ 690 $ 655 Amortization $ 35 Balance $9,355 9,320 690 690 690 652 7 38 9,282 7 9,200 7 43 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 11 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 < Required 1 Required 3 > 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): Datel January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Cash Interest Amortization $ 690 690 $655 652 $ 35 38 698 ? 2 698 ? 43 Balance $ 9,355 9,320 9,282 7 9,200 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 How much cash was received at date of issuance (sale) of the bonds? (Enter your answer in thousands.) Cash Received < Required 2 Required 4 > 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): Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Cash $.690 Interest Amortization $ 655 $ 35 690 652 38 690 ? 7 690 ? 43 Balance $ 9,355 9,320 9,282 7 9,200 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 Was there a premium or a discount? If so, which and how much was it? (Enter your answer in thousands.) 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) Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Required: Cash $ 690 690 Interest $655 652 Amortization Balance $9,355 $ 35 38 690 690 7 43 9,320 9,282 7 9,200 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 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 > 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): Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Cash $ 698 Interest $655 Amortization $35 Balance $9,355 9,328 690 652 38. 9,282 690 7 690 ? 43 7 9,200 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 B 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 % 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): Datel January 1, 2021 End of year 2021 End of year 2022 End of year 2023 End of year 2024 Required: 1. Complete the amortization schedule. Cash $698 Interest Amortization $ 655 $ 35 690 652 38 690 7 7 690 7 43 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? Balance $9,355 9,320 9,282 7 9,200 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 market interest rate? (Round your answer to the nearest whole percent.) Required 6 Market Interest Rate < Required 6 Required 8 > 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); Date January 1, 2021 End of year 2021 End of year 2022 End of year 2023 Cash $ 690 Interest $655 Amortization $ 35 Balance $9,355 9,320 690 652 38 9,282 690 7 ? 690 7 43 7 9,200 End of year 2024 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 6 Required 7 Required 6 Required 9 Required 1 Required 2 Required 3 Required 4 Required S What amount of interest expense should be reported on the income statement each year? (Enter your answers in thousands.) Year Interest Expense 2021 2022 2023 2024 < Required 7 Required 9 > End of year 2023 End of year 2024 Required: 1. Complete the amortization schedule. 070 690 698 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? 23 43 3,606 9,200 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 Show how the bonds should be reported on the balance sheet at the end of 2022 and 2023. (Enter your answers in thousands.) Current Liabilities: HONDOR CORPORATION Balance Sheet (partial) 2022 2023 Bonds, net $ 0 $ Long-term Liabilities: Bonds, net $ < Required 8 Required >