O On January 1, 2018, Mania Enterprises issued 10% bonds dated January 1, 2018, with a face amount of $19.8 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Required: 1. Determine the price of the bonds at January 1, 2018 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2018 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2018, using the effective interest method. apped Book Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the price of the bonds at January 1, 2018 Bond value Regled Required 2 > In early December of 2018, Blue Corp. purchased $40,800 of Yellow Company bonds, which constitutes less than 3% of Yellow's outstanding debt. Blue accounts for the Yellow investment as available for sale. By December 31, 2018, the value of the Yellow investment had fallen to $30,400, and Blue recorded an unrealized holding loss. By December 31, 2019, the value of the Yellow Investment had fallen to $15,400, and Blue determined that it is more likely than not that it will need to sell the bonds before their fair value recovers, so Blue recorded an OTT Impairment. By December 31, 2020, fair value had recovered to $20,400. Required: 1-a. Prepare appropriate entry(s) at December 31, 2018. 1-b. Indicate how the scenario will affect net income, OCI, and comprehensive income. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Prepare appropriate entry(s) at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry requ the first account field.) On January 1, 2018 Mania Enterprises issued 10% bonds dated January 1, 2018, with a face amount of $19.8 million. The bonds mature In 2027 (10 years). For bonds of similar risk and maturity, the market yleld is 8%. Interest is paid semiannually on June 30 and December 31. FV of $1. PV of S1, FVA of S1, PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Required: 1. Determine the price of the bonds at January 1, 2018. 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2018 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2018, using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Determine the price of the bonds at January 1, 2018 Bond value Required 2 > On January 1, 2018, Monio Enterprises issued 10% bonds dated January 1, 2018, with a face amount of $19.8 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. FVA of $1. PVA of S1, FVAD of $1 and PVAD of $D (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Required: 1. Determine the price of the bonds at January 1, 2018, 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2018. 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2018, using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reged 3 Required Prepare the journal entry to record interest on June 30, 2018, using the effective interest method. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lit View joumal entry worksheet No Debit Credit 1 Date General Journal June 30, 2018 interest expense Premium on bonds payable Cash (Required 2 Required 4 > 10 On January 1, 2018, Mania Enterprises issued 10% bonds dated January 1, 2018, with a face amount of $19.8 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31. V of S1 PV of S1, EVA of S1. PVA of $1. EVAD of St and PVAD of $1 (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars.) Required: 1. Determine the price of the bonds at January 1, 2018, 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2018 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method 4. Prepare the journal entry to record interest on December 31, 2018, using the effective interest method look Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Prepare the journal entry to record interest on December 31, 2018, using the effective interest method (if no entry is required for a transaction/event, select "No journal entry required in the first account hield.) View transaction lit View journal entry worksheet No General Journal Date December 31 2018 Debit Credit IN 1 Interest expense Premium on bonds payable Cash