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i only need requirements 1,3 &5 please! On January 1, 2021, Bradley Recreational Products issued $100,000,9%, four-year bonds. Interest is paid semiannually on June 30
i only need requirements 1,3 &5 please!
On January 1, 2021, Bradley Recreational Products issued $100,000,9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $96,768 to yield an annual return of 10%. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $10,000 of the bonds? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule that determines interest at the effective interest rate. (Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest + Increase in Balance Carrying Value 96.768 1 2 3 4 5 6 7 Step by Step Solution
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