O'Brien Corporation issues $8,000,000 face value 8% semiannual coupon bonds measuring

cal market interest rate u d uit Ut unus. c. Give the journal entries related to these bonds for 2012. Seward uses the calendar year as its reporting period. d. On January 1, 2014, Seward Corporation reacquires $20,000 face value of these bonds for 102% of face value and retires them. Give the journal entry to record the retirement. 20. Accounting for bonds using amortized cost measurement based on the historical market inter- est rate. O'Brien Corporation issues $8,000,000 face value, 8% semiannual coupon bonds maturing in 20 years. The market initially prices these bonds to yield 6% compounded semiannually. O'Brien Corporation accounts for these bonds using amortized cost mea- surement based on the historical market interest rate. a. Compute the issue price of these bonds. b. Compute the interest expense on these bonds for the first six months. c. Compute the interest expense on these bonds for the second six months. d. Compute the carrying value of these bonds at the end of the second six-month period. e. Use present value computations to verify the carrying value of the bonds at the end of the second six-month period as computed in part d above. 21. Accounting for bonds using amortized cost measurement based on the historical market inter- est rate. Robinson Company issues $5,000,000 face value, 8% semiannual coupon bonds maturing in 10 years. The market initially prices these bonds to yield 10% compounded semiannually. Robinson Company accounts for these bonds using amortized cost measure- ment based on the historical market interest rate. a. Compute the issue price of these bonds