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On January 1, 2021, Mania Enterprises issued 10% bonds dated January 1, 2021, with a face amount of $19.3 million. The bonds mature in 2030

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On January 1, 2021, Mania Enterprises issued 10% bonds dated January 1, 2021, with a face amount of $19.3 million. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market yield is 8%. Interest is paid semiannually on June 30 and December 31. (FV of $1. PV Of 51, EVA O 51. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Round your intermediate calculations to the nearest whole dollar.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record the bond issuance by Mania on January 1, 2021. 3. Prepare the journal entry to record interest on June 30, 2021, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2021, using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the price of the bonds at January 1, 2021. (Enter your answers in whole dollars.) Bond value ( Required 1 Required 2 > Prepare the journal entry to record the bond issuance by Mania on January 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bonds by Mania. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Prepare the journal entry to record interest on June 30, 2021, using the effective interest method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the interest on June 30, 2021, using the effective interest method. Note: Enter debits before credits Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general journal Prepare the journal entry to record interest on December 31, 2021, using the effective interest method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the interest on December 31, 2021, using the effective interest method. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal

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