On 1 January 2005, Franco Ltd. purchased $490,000 of Gentron Company 5.00% bonds. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 6% on the date of purchase. The bonds mature on 31 December 2010 PV of $1 PVA of $1 and EVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Franco Lid. (Round time value factor to 5 decimal places. Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Pe pad 465613 2. Assume that the bond is classified as an AC investment Construct a tablehot shows interest revenue reported by Franco, and the carrying value of the investment for four interest periods. Use the effective interest method (Round your answers to the nearest whole dollar amount.) Check my work Cash Period Payment Interest Revenue Amortization Bond Carrying Velu 115 12.250 000 1710 40.501 407331 2 12.250 14020 700 101 . 12.250 14075 ANS 470924 12.250 14120 472.001 ENG 2310 2001-2002 3. Prepare the entries for the first four interest periods based on your calculations in requirement 2. Of no entry is required for e transection/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Check my work View transaction list Journal entry worksheet < 1 2 3 4 Record the first period revenue. Date General Journal Deb C 30 Aun 2005 Cash 12.250 > Pres 204 Next > 3. Prepare the entries for the first four interest periods based on your calculations in requirement 2. of no entry is required for n transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount) View transaction list Journal entry worksheet < nors 2 3 4 Record the second period revenue rets behan c Date 31 Dec 2005 General Journal Debit Cre > > Check my work 3. Prepare the entries for the first four interest periods based on your calculations in requirement 2. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 2 3 4 Record the third period revenue Not Enter dibits before t Date 30 Jun 2006 General Journal Debit Credit > Check my work < Prev 24 Next > ENG 231 3. Prepare the entries for the first four interest periods based on your calculations in requirement 2. (If no entry is required for transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 3 Record the fourth period revenue Note: Enter debts before credits Date 31 Dec 2000 General Journal Del Credit Heembantu Check my work 4. Assume instead that the bond is classified as a FVTPL, investment, and the fair value at the end of 2005 was $475,000, and was $480,500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006, and adjust the bond to fair value at the end of each fiscal year (That is, the bond is not adjusted to fair value at each interest payment date, just at the reporting date) (if no entry is required for a transection/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet T 2 3 4 5 Record the first period revenue No detits before cred Date 30 Jun 2005 General Journal Debit Credit < Prev 24 Next > Check my work 4. Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of 2005 was $475,000, and was $480.500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006 and adjust the bond to fair value at the end of each fiscal year. (That is, the bond is not adjusted to fair value at each interest payment date, just at the reporting date) of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet < Record the second period revenue 5 Check my work Note er det before Date 31 Dec 2005 General Journal Debit Credit 4. Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of 2005 was $475,000, and was $480,500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006, and adjust the bond to fair value at the end of each fiscal year. (That is, the bond is not adjusted to fair value at each interest payment date, just at the reporting date) of no entry is required for a transaction/event, select "No journal entry required" in the first eccount field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the holding gain/loss on investment for the year ended 2005.. Nate Emer dots before cris Date 31 Dec 2005 General Journal Deb Credit > < Prev 24 Next > Check my work 4. Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of 2005 was $475.000, and was $480,500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006, and adjust the bond to fair value at the end of each fiscal year. (That is, the bond is not adjusted to fair value at each interest payment date, just of the reporting date) (if ne entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) Check my work View transaction list Journal entry worksheet 1 2 3 Record the third period revenue hung Enter debts befine crit Date 30 Jun 2000 5 General Journal Debit Credit > 4. Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of 2005 was $475,000, and was $480.500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006, and adjust the bond to fair value at the end of each fiscal year. (That is, the bond is not adjusted to fair value at each interest payment date, just at the reporting date of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Check my work Journal entry worksheet < 1 2 3 Record the fourth period revenue Nate Enter delats before credits Cate 31 Dec 2006 General Journal Debit Credit > 4. Assume instead that the bond is classified as a FVTPL investment, and the fair value at the end of 2005 was $475,000, and was $480,500 at the end of 2006. Prepare the entries for each interest period in 2005 and 2006, and adjust the bond to fair value at the end of each fiscal year. (That is, the bond is not adjusted to fair value at each interest payment date, just at the reporting date) of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet < 2 3 4 Record the holding gain/loss on Investment for the year ended 2006 Moto E before c 31 Dec 2006 General Journal Debit Credit Check my work ING 2312