On January 1, 2018, Mania Enterprises issued 12% bonds dated January 1, 2018, with a face amount of $21.0 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 10%. 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.

Served Help On January 1, 2018 Mania Enterprises issued 12% bonds dated January 1, 2018, with a face amount of $21.0 million. The bonds mature In 2027 (10 years). For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV of $1. EVA of S1, PVA of S1, FVAD of S1 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 4 Determine the price of the bonds at January 1, 2018. Bond value Required 2 > On January 1, 2018 Mania Enterprises issued 12% bonds dated January 2018, with a face amount of $200 milion. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 10% Interest is paid semiannually on June 30 and December 31 EV $1. PV of $1. EVA 51. PVA of S. EVAD of S1 and PVAD 5.1 (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 Mina 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 thegudes a Required) Required 4 Prepare the journal entry to record the bond issuance by Mania on January 1, 2018. (If no entry is required for a transactionevent select "No journal entry required in the first account feld) Views Journal entry worksheet Record the issuance of bonds by Mania Die Da Cra CP 1017 > MacBook Air WO e 2 $ 4 % 5 & 7 C 9 ) 0 3 6 8 W R T E Y U 1 P 2. O D S G . J L Z V B N M X 36 % command Command