On January 1, 2021, Bradley Recreational Products issued $160,000. 8%. four-vear bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $149,659 to yield an annual return of 10% (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.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $16,000 of the bonds? Complete this question by entering your answers in the tabs below. ances Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule that determines interest at the effective interest rate: (Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Carrying Value increase in Balance Totals $ 0S 0 0S On January 1, 2021, Bradley Recreational Products issued $160,000,8%, four-year bonds, Interest is paid semiannually on June 30 and December 31. The bonds were issued at $149,659 to yield an annual return of 10% (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $16,000 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 by the straight-line method. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Recorded Interest Cash Payment Carrying Value increase in Balance Totals Required i Required 2 Required 3 Required 5 Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. (If transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole de View transaction list Journal entry worksheet 2 Record interest expense on June 30, 2023, tive interest method. Note: Enter debits before credits. Event General Journal Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 5 Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approac transaction/event, select "No journal entry required" in the first account field. Enter your answers in View transaction list Journal entry worksheet Record interest expense on June 30, 2023, by the straight-line method. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal On January 1, 2021, Bradley Recreational Products issued $160,000, 8%, four-year bonds. Interest is paid semiannually December 31. The bonds were issued at $149,659 to yield an annual return of 10%. (FV of $1. PV of $1. FVA of $1. PVA and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for bonds? 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 10%, what price would a second investor pay the first investor on June 30, 2023, for $16,000 of the bonds? (Round your intermediate calculation and final answer to whole dollars.) Price of the bonds
