On January 1, 2021, Bradley Recreational Products issued $200,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $193,537 to yield an annual return of 10%. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)

Required:

For numbers 1,2,3 (see below) 3&4 are under the same

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

2.Amortization schedule by the straight-line method.

3 & 4.The journal entries to record interest expense on June 30, 2023, by each of the two approaches (see below for additional explanatation).

5.Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $20,000 of the bonds?

1. Amortization schedule (1), includes: Payment Number 1 - 8, Cash Payment, Effective Interest Rate, Increase in Balance, Carrying Value
2. Amortization schedule (2) using the straight-line method includes: Payment Number 1 - 8, Cash Payment, Recorded Interest, Increase in Balance, and Carrying Value.
3. Journal entries to record interest expense on June 30, 2023 for effective interest rate
4. Journal entries to record interest expense on June 30, 2023 for the straight-line method.
5. Price of the Bonds =