On January 1, 2021, Corvallis Carnivals borrows $16,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $486.75 are due at the end of each month, with the first installment due on January 31, 2021 Record the issuance of the note payable and the first monthly payment. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the issuance of the note payable. Note: Enter debits before are Debit Credit Date General Journal January 0. 2021 BERGER Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $59,000 for $59,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bond. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 ww g al journal Brief Exercise 9-12 Calculate Interest expense (L09-5) On January 1, 2021, Lizzy's Lemonade issues 5%, 20-year bonds with a ear bonds with a face amount of $91,000 for $80,483, priced to yield 6% Interest is paid semiannually What amount of interest expense will be recorded on first interest payment date? (Round your final answer to the nearest whole dollar amount.) SA Interest expense On January 1, 2021. Lyle's Limeade issues 4%, 10-year bonds with a face amount of $87,000 for $80.219.priced to yield 5%. Interest is paid semiannually What amount of interest expense will be recorded in the December 31, 2021, annual income statement? (Do not round your Intermediate calculations. Round your final answer to nearest whole dollar amount.) Brief Exercise 9-18 Calculate the Issue price of bonds (L09-7) Ultimate Butter Popcom issues 5%, 15 year bonds with a face amount of $49,000. The market et interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually At what price will the bonds issue? (FV of $1. PV of $1. FVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round Market interest rate to 1 decimal place Amount $ 49,000 Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price NIN