On January 1, 2021, Instaform, Inc, issued 10% bonds with a face amount of $52 million, dated January 1 . The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually (FV of \$1. PV of \$1. EVA of S1. PVA of S1. FVAD of \$1 and PVAD of S11) (Use appropriate factor(s) from the tobles provided.) Required: 1-a. Determine the price of the bonds at January 1, 2021 . 1-b. Prepare the journal entry to record their issuance by instaform. 2-o. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021 2-b. Assume the market rate was 9\%. Prepare the journal entry to record their is suance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2. prepare the journal entry to record the purchase by Broadcourt. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.) On January 1. 2021, Instaform, Inc., issued 10% bonds with o face amount of $52 million, dated January 1. The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 12\%. Interest is paid semiannually. (FV of $1. PV of $1. EVA of $1. PVA of \$1. FVAD of \$1 and PVAD of \$1) (Use oppropriate factor(s) from the tables provided.) Required: 1-o. Determine the price of the bonds at January 1, 2021. 1.b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9\%. Determine the price of the bonds at January 1.2021. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2 . prepare the journal entry to record the purchase by Broadcourt 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record their issuance by Instaform. (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.) On January 1, 2021, Instaform, Inc, issued 10\% bonds with a face amount of $52 million, dated January 1 . The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (EV of S1. PV of S1, EVA of S1. PVA of \$1. EVAD of \$1 and PVAD of S1) (Use oppropriote foctor(s) from the tables provided.) Required: 1-o. Determine the price of the bonds at January 1,2021 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2. prepare the journal entry to record the purchase by Broadcourt. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume the market rate was 906 . Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.) On January 1, 2021, Instaform, Inc, issued 10% bonds with a face amount of $52 million, dated January 1 . The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (FV of $1. PV of $1. FVA of $1. PVA of S1. FVAD of \$1 and PVAD of \$1) (Use oppropriate factor(s) from the tables provided.) Required: 1-a. Determine the price of the bonds at January 1, 2021. 1-b. Prepare the journal entry to record their issuance by instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1,2021. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2 . prepare the journal entry to record the purchase by Broadcourt. Answer is not complete. Complete this question by entering your answers in the tabs below. Assume the market rate was 9%. Prepare the journal entry to record their issuance by instaform. (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.) On January 1, 2021, Instaform, Inc, issued 10% bonds with a face amount of $52 million, dated January 1 . The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (FV of S1. PV of \$1. FVA of S1. PVA of S1, EVAD of S1 and PVAD of \$1) (Use oppropriate factor(5) from the tables provided.) Required: 1-a. Determine the price of the bonds at January 1, 2021. 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2 . prepare the journal entry to record the purchase by Broadcourt. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt. (If no entry is required for a transactionyevent, select "No Journal entry required" in the first account field. Enter your answers in wholo dollars.)
