Intermediate Accounting 303: ACCT 3 01 Spring 2018 Bond Practice Exercises Question 10 (of 17) 10.00 points The Bradford Company issued 14% bonds, dated January 1, with a face amount of S84 million on January 1, 2016. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity, the market yield is 16% Interest is paid semiannually on June 30 and December 31, Ey of $1. Py ors1. EVA of S1. PVA of S1. EVAD of $1 and PVAD of S1) (Use appropriate factorts) from the tables provided.) Required 1. Determine the price of the bonds at January 1, 2016. (Enter your answers whole dollars.) Price of bonds 2. to 4. Prepare the joumal entry to record their issuance by The Bracford Company on January 1, 2016, interest on June 30, 2016 and interest on December 31, 2016 (at the effective rate) (Enter your answers in whole dollars. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.) 20 F3 4