On January 1, 2021. Bradley Recreational Products issued 5100,000, 131, four year bonds Interest is paid semiannually on June 30 and December 31 The bonds were issued at $97,014 to yield an annual return of 14%. Ce of S1, PV OS1. EVA LSI, PVA of S1, EVAD of S1 and PVAD OLS1) (Use appropriate factor() 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 entres to record interest expense on June 30 2021 by each of the two approaches 5. Assuming the market rate is still 14%. what pace would a second investor pay the first investor on June 30, 2023, for $14,000 of the bonds? Complete this question by entering your answers in the tabs below. Required Required 2 Required Required Prepare an amortization schedule that determined interest at the effective interest rate inter your answers in whole olla.) Effective Payment Member Increase in Balance Carrying Value Payment 1 2 3 4 5 T Total 5 Required 2 > On January 1, 2021. Bradley Recreational Products issued S100,000, 13%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $97.014 to yield an annual return of 14% (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD 01 $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 14%, what price would a second investor pay the first investor on June 30, 2023, for $14,000 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 Cash Payment Recorded Interest Increase in Balance Carrying Value 1 2 3 4 5 6 7 B Totals $ 05 05 0 1 2. riepale anamuLOU SCHeuuie wybudynu. 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 14%, what price would a second investor pay the first investor on June 30, 2023. for $14,000 of bonds? Complete this question by entering your answers in the tabs below. 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 approaches. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 > Record interest expense on June 30, 2023, by the effective interest method. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal On January 1, 2021, Bradley Recreational Products issued $100,000, 13%, four-year bonds. Interest is paid semiannually on June and December 31. The bonds were issued at $97.014 to yield an annual return of 14% (EV of $1. PV of $1. EVA of $1. PVA of Si. E S1 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 interes[expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 14%, what price would a second investor pay the first investor on June 30,2023, for $14.000 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 14%, what price would a second investor pay the first investor on June 30, 2023, for $14,000 of the bonds? (Round your intermediate calculation and final answer to whole dollars.) Price of the bonds
