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I just need help with these questions, thank you On January 1, 2021, a company issues $790,000 of 8% bonds, due in eight years, with
I just need help with these questions, thank you On January 1, 2021, a company issues $790,000 of 8% bonds, due in eight years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $837772 Required: a. Fill in the blanks in the amortization schedule below. (Round your answers to the nearest dollar amount.) Cash Paid Interest Expense Change in Carrying Value Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 b. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 Record the bond issue on January 1 On January 1, 2021, a company issues $720,000 of 8% bonds, due in eight years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $679,558. Required: 1. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount. Enter all amounts as positive values.) Cash Paid Interest Expense Change in Carrying Value 2 Date 01/01/2021 06/30/20211 12/31/2021 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet
I just need help with these questions, thank you
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