On January 1, 2018, Bradley Recreational Products issued $100,000, 11%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $96,895 to yield an annual return of 12%. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)

Required:

1.Amortization schedule that determines interest at the effective interest rate.

2.An amortization schedule by the straight-line method.

3.Prepare the journal entries to record interest expense on June 30, 2020, by each of the two approaches.

5.Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30, 2020, for $12,000 of the bonds?

???

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule that determines interest at the effective interest rate. Complete this question by entering your answers in the tabs below. Requiredl RequiredZ Required3 Required5 Complete this question by entering your answers in the tabs below. Requiredl RequiredZ Required3 Required5 Prepare the journal entries to record interest expense on June 30, 2020, by each of the two approaches. (Ii required for a transaction/event, select "No journal entry required" in the rst account eld. Enter your ans* dollars.) View transaction list Journal entry worksheet Record interest expense on June 30, 2020, by the effective interest method. Note: Enter debits before credits. Record entry m View general journal UUIIIIJICl-c I-III; qucauuu Hy CIIl-CIIIIH Yul" ll3wl3 III lull: l-CIJB "ll!"- Required 1 Required 2 Required 3 Required 5 Prepare the journal entries to record interest expense on June 30, 2020, by each of the two approaches. (If no entry is required for a transaction/event, select "No journal entry required" in the rst account eld. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record interest expense on June 30, 2020, by the straight-line method. Note: Enter debits before credits. Record entry m View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Assuming the market rate is still 12%, what price would a second investor pay the rst investor on June 30, 2020, for $12,000 of the bonds? (Round your intermediate calculation and nal answer to whole dollars.)