On 1 January 20X4. Queen Company purchased $6,400,000 of Sport Corp. 8% bonds, classified as an...

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On 1 January 20X4. Queen Company purchased $6,400,000 of Sport Corp. 8% bonds, classified as an FVOCL-Bonds investment. 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 20X8. (EVOL$1. PVA of S. and EVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Queen Company. (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) Pred 2. Construct a table that shows interest revenue reported by Queen, and the carrying value of the investment, for the first two interest periods. Use the effective interest method. (Round your answers to the nearest whole doller amount.) Period Cash Payment 3% Interest Premium Revenue Amortization Bond Carrying Value 0 T Prov 1 of 4 Next > Help Save & Exit Submit Check my work 3. Queen has a June 30 year-end. On June 30, 20X4, the fair value of the investment was $6.780,000. Prepare the journal entries required on June 30 related to this investment. If no entry is required for a transaction/event, select "No journal emry required" in the first account field. Round your answers to the nearest whole dollar amount) View transaction list Journal entry worksheet Check my work k < 1 2 Record the Interest revenue. Note: Enter debits before credits Date 30 June 20X4 General Journal Debit Credit Recent entry Clear entry View general joumal and ALLURE Held, Mound your answers to the nearest whole dollar amount) View transaction list Journal entry worksheet jok < 1 3 ences Record the adjustment to fair value. Note: Enter detats before credits Date 30 June 20X4 OUNGOVANI, LAKE "No journal entry required" in General Journal Debit Credit Record entry Clear entry View panelmal Prev 1 of 4 Next > ING 2300 IN 20-01-2022 View transaction list Journal entry worksheet Record the Interest revenue for December 31. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prox 1 of 4 Next > Check my work 2319 20-01-2002 On 1 January 20X4. Queen Company purchased $6,400,000 of Sport Corp. 8% bonds, classified as an FVOCL-Bonds investment. 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 20X8. (EVOL$1. PVA of S. and EVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the price paid by Queen Company. (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) Pred 2. Construct a table that shows interest revenue reported by Queen, and the carrying value of the investment, for the first two interest periods. Use the effective interest method. (Round your answers to the nearest whole doller amount.) Period Cash Payment 3% Interest Premium Revenue Amortization Bond Carrying Value 0 T Prov 1 of 4 Next > Help Save & Exit Submit Check my work 3. Queen has a June 30 year-end. On June 30, 20X4, the fair value of the investment was $6.780,000. Prepare the journal entries required on June 30 related to this investment. If no entry is required for a transaction/event, select "No journal emry required" in the first account field. Round your answers to the nearest whole dollar amount) View transaction list Journal entry worksheet Check my work k < 1 2 Record the Interest revenue. Note: Enter debits before credits Date 30 June 20X4 General Journal Debit Credit Recent entry Clear entry View general joumal and ALLURE Held, Mound your answers to the nearest whole dollar amount) View transaction list Journal entry worksheet jok < 1 3 ences Record the adjustment to fair value. Note: Enter detats before credits Date 30 June 20X4 OUNGOVANI, LAKE "No journal entry required" in General Journal Debit Credit Record entry Clear entry View panelmal Prev 1 of 4 Next > ING 2300 IN 20-01-2022 View transaction list Journal entry worksheet Record the Interest revenue for December 31. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Prox 1 of 4 Next > Check my work 2319 20-01-2002