National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $900,000 on January 1.2021 The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity the market yield was 10% Interest is paid semintay on June 10 and December 31 (FV of $1. PV of S1, FVA of S1. PVA of S1,EVAD of 51 and PVAD of S1) (Use oppropriate factore) from the tables provided) Required: 1. Determine the price of the bonds at January 1, 2021 2. Prepare the journal entry to record their issuance by National on January 1, 2021 3. Prepare an amortization schedule that determines interest at the effective rate each period 4. Prepare the journal entry to record interest on June 30, 2021 5. Prepare the appropriate journal entries at maturity on December 31, 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required a Required 4 Required 5 Determine the price of the bonds at January 1, 2021. (Round final answers to the rarest whole dollar) Table values are based on: Uue CURUH Jdy , UL 2. Prepare the journal entry to record their issuance by National on January 1, 2021 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2021 5. Prepare the appropriate journal entries at maturity on December 31, 2024 Complete this question by entering your answers in the tabs below. ook Required 1 Required 2 Required 3 Required 4 Required CE Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollar) Table values are based on: Amount Present Value Cash Flow Interest Principal Price of bonds Required 2 3 Journal entry worksheet 1 Record the issuance of the bonds on January 1, 2021 Note: Entier debits before credit General Journal Debit Date January 01, 2021 Sentie Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 4 Required 5 Prepare an amortization schedule that determines interest at the effective rate each period. (Round Intermediate calculation and final answers to the nearest whole dollar.) Cash Interest Bond Interest Expense Discount Amortization Carrying Value Sunilumni Interest Parod End 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 06/30/2024 12/31/2024 Total Journal entry worksheet Record the interest expense on June 30, 2021. Note: Enter debits before credits General Journal Debit Credit Date June 30, 2021 Record entry Clear entry View general Journal Journal entry worksneet 2 Record the interest expense on December 31, 2024. Note: Enter debits before credits General Journal Debit Credit Date December 31 2024 Record entry Clear entry View general journal ry worksheet 2 Record the retirement of the bond at maturity on December 31, 2024 Note: Enter debits before credits. General Journal Debit Credit December 31, 2024 Record entry Clear entry View general journal
