On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue cos s are $96,978. The company's fiscal year ends on December 31. Read the requirements Requireme whole dollar The Issue p Requiremer assuming th First, find the to the neare The effective Requirements b. C. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022, through January 1, 2023) Assume that the company uses a premium or discount account if needed Prepare the journal entries to record the interest accrual and amortization for year three Prepare the journal entry to record payment of the bonds at maturity d. Determine the issue price of the debt and the amount of the bond discount or premium Find the effective interest rate after considering bond issue costs Prepare the amortization table for the bond issue through January 1, 2025, assuming that Trisha uses the effective interest rate method of amortization e. X ons Round your final answer to the nearest the bond issue through January 1, 2025 or your calculations Round you find I answer Next On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and luly 1 w the first interest payment due at the end of the period on July 1, 2022 The market rate of interest on the date of the bond issue was 6%. Bond issue cots are $96,978. The company's fiscal year ends on December 31, Read the requirements Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the neares whole dollar) The issue price of the debt- 1100000 I Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue through January 1, 2025 assuming that Trisha uses the effective interest rate method of amortization First, find the effective interest rate after considering bond issue costs (Use a financial calculator or a spreadsheet for your calculations. Round you fin. I answ to the nearest whole percent) The effective interest rate after considering bond issue costs = Next On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds Interest is payable semiannually each January 1 aid Jily 1 with the first interest payment due at the em 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on December 31 Read the requirements CITO Prepare the amortization table for the bond issue through January 1, 2025. assuming that Trisha uses the effective interest rate method of amortization (he an interest rate rounded to the nearest whe calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table) Date: January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 January 1, 2025 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and Jay 1 with the first interest payment due at the m 2022. The market rate of interest on the date of the bond issue was 6% Bond issue costs are $96.978 The company's fiscal year ends on December 31 Read the requirements January 1, 2025 Requirement c. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022. through January 1, 2023) Assum: thit the company uses a premium ar discount accou debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations) Begin by recording the issuance of the bonds payable. Account Record the first semiannual interest payment January 1, 2022 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 am 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96,978. The company's fiscal year ends on December Read the requirements Requirement d. Prepare the journal entries to account for the bonds in year three. Begin by recording the first semiannual interest payment for year three (Record debits first, then credits. Exclude explanations from any journal estris) Review the amortization table prepared in Requirement b Account Now record the accrual entry at December 31, 2024 Grz July 1, 2024 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each Jas 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on t Read the requirements Now record the accrual entry at December 31, 2024. Review the amortization table prepared in Requirement b Account December 31, 2024 Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjus ANT Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjustem entries Interest on the note was accrued at December 31, 2027) Account Payment at maturity On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue cos s are $96,978. The company's fiscal year ends on December 31. Read the requirements Requireme whole dollar The Issue p Requiremer assuming th First, find the to the neare The effective Requirements b. C. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022, through January 1, 2023) Assume that the company uses a premium or discount account if needed Prepare the journal entries to record the interest accrual and amortization for year three Prepare the journal entry to record payment of the bonds at maturity d. Determine the issue price of the debt and the amount of the bond discount or premium Find the effective interest rate after considering bond issue costs Prepare the amortization table for the bond issue through January 1, 2025, assuming that Trisha uses the effective interest rate method of amortization e. X ons Round your final answer to the nearest the bond issue through January 1, 2025 or your calculations Round you find I answer Next On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and luly 1 w the first interest payment due at the end of the period on July 1, 2022 The market rate of interest on the date of the bond issue was 6%. Bond issue cots are $96,978. The company's fiscal year ends on December 31, Read the requirements Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the neares whole dollar) The issue price of the debt- 1100000 I Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue through January 1, 2025 assuming that Trisha uses the effective interest rate method of amortization First, find the effective interest rate after considering bond issue costs (Use a financial calculator or a spreadsheet for your calculations. Round you fin. I answ to the nearest whole percent) The effective interest rate after considering bond issue costs = Next On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds Interest is payable semiannually each January 1 aid Jily 1 with the first interest payment due at the em 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on December 31 Read the requirements CITO Prepare the amortization table for the bond issue through January 1, 2025. assuming that Trisha uses the effective interest rate method of amortization (he an interest rate rounded to the nearest whe calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table) Date: January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 January 1, 2025 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and Jay 1 with the first interest payment due at the m 2022. The market rate of interest on the date of the bond issue was 6% Bond issue costs are $96.978 The company's fiscal year ends on December 31 Read the requirements January 1, 2025 Requirement c. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022. through January 1, 2023) Assum: thit the company uses a premium ar discount accou debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations) Begin by recording the issuance of the bonds payable. Account Record the first semiannual interest payment January 1, 2022 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 am 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96,978. The company's fiscal year ends on December Read the requirements Requirement d. Prepare the journal entries to account for the bonds in year three. Begin by recording the first semiannual interest payment for year three (Record debits first, then credits. Exclude explanations from any journal estris) Review the amortization table prepared in Requirement b Account Now record the accrual entry at December 31, 2024 Grz July 1, 2024 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each Jas 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on t Read the requirements Now record the accrual entry at December 31, 2024. Review the amortization table prepared in Requirement b Account December 31, 2024 Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjus ANT Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjustem entries Interest on the note was accrued at December 31, 2027) Account Payment at maturity On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue cos s are $96,978. The company's fiscal year ends on December 31. Read the requirements Requireme whole dollar The Issue p Requiremer assuming th First, find the to the neare The effective Requirements b. C. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022, through January 1, 2023) Assume that the company uses a premium or discount account if needed Prepare the journal entries to record the interest accrual and amortization for year three Prepare the journal entry to record payment of the bonds at maturity d. Determine the issue price of the debt and the amount of the bond discount or premium Find the effective interest rate after considering bond issue costs Prepare the amortization table for the bond issue through January 1, 2025, assuming that Trisha uses the effective interest rate method of amortization e. X ons Round your final answer to the nearest the bond issue through January 1, 2025 or your calculations Round you find I answer Next On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and luly 1 w the first interest payment due at the end of the period on July 1, 2022 The market rate of interest on the date of the bond issue was 6%. Bond issue cots are $96,978. The company's fiscal year ends on December 31, Read the requirements Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the neares whole dollar) The issue price of the debt- 1100000 I Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue through January 1, 2025 assuming that Trisha uses the effective interest rate method of amortization First, find the effective interest rate after considering bond issue costs (Use a financial calculator or a spreadsheet for your calculations. Round you fin. I answ to the nearest whole percent) The effective interest rate after considering bond issue costs = Next On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds Interest is payable semiannually each January 1 aid Jily 1 with the first interest payment due at the em 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on December 31 Read the requirements CITO Prepare the amortization table for the bond issue through January 1, 2025. assuming that Trisha uses the effective interest rate method of amortization (he an interest rate rounded to the nearest whe calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table) Date: January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 January 1, 2025 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and Jay 1 with the first interest payment due at the m 2022. The market rate of interest on the date of the bond issue was 6% Bond issue costs are $96.978 The company's fiscal year ends on December 31 Read the requirements January 1, 2025 Requirement c. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022. through January 1, 2023) Assum: thit the company uses a premium ar discount accou debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations) Begin by recording the issuance of the bonds payable. Account Record the first semiannual interest payment January 1, 2022 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 am 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96,978. The company's fiscal year ends on December Read the requirements Requirement d. Prepare the journal entries to account for the bonds in year three. Begin by recording the first semiannual interest payment for year three (Record debits first, then credits. Exclude explanations from any journal estris) Review the amortization table prepared in Requirement b Account Now record the accrual entry at December 31, 2024 Grz July 1, 2024 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each Jas 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on t Read the requirements Now record the accrual entry at December 31, 2024. Review the amortization table prepared in Requirement b Account December 31, 2024 Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjus ANT Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjustem entries Interest on the note was accrued at December 31, 2027) Account Payment at maturity On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue cos s are $96,978. The company's fiscal year ends on December 31. Read the requirements Requireme whole dollar The Issue p Requiremer assuming th First, find the to the neare The effective Requirements b. C. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022, through January 1, 2023) Assume that the company uses a premium or discount account if needed Prepare the journal entries to record the interest accrual and amortization for year three Prepare the journal entry to record payment of the bonds at maturity d. Determine the issue price of the debt and the amount of the bond discount or premium Find the effective interest rate after considering bond issue costs Prepare the amortization table for the bond issue through January 1, 2025, assuming that Trisha uses the effective interest rate method of amortization e. X ons Round your final answer to the nearest the bond issue through January 1, 2025 or your calculations Round you find I answer Next On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and luly 1 w the first interest payment due at the end of the period on July 1, 2022 The market rate of interest on the date of the bond issue was 6%. Bond issue cots are $96,978. The company's fiscal year ends on December 31, Read the requirements Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the neares whole dollar) The issue price of the debt- 1100000 I Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue through January 1, 2025 assuming that Trisha uses the effective interest rate method of amortization First, find the effective interest rate after considering bond issue costs (Use a financial calculator or a spreadsheet for your calculations. Round you fin. I answ to the nearest whole percent) The effective interest rate after considering bond issue costs = Next On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds Interest is payable semiannually each January 1 aid Jily 1 with the first interest payment due at the em 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on December 31 Read the requirements CITO Prepare the amortization table for the bond issue through January 1, 2025. assuming that Trisha uses the effective interest rate method of amortization (he an interest rate rounded to the nearest whe calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table) Date: January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 January 1, 2025 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and Jay 1 with the first interest payment due at the m 2022. The market rate of interest on the date of the bond issue was 6% Bond issue costs are $96.978 The company's fiscal year ends on December 31 Read the requirements January 1, 2025 Requirement c. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022. through January 1, 2023) Assum: thit the company uses a premium ar discount accou debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations) Begin by recording the issuance of the bonds payable. Account Record the first semiannual interest payment January 1, 2022 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 am 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96,978. The company's fiscal year ends on December Read the requirements Requirement d. Prepare the journal entries to account for the bonds in year three. Begin by recording the first semiannual interest payment for year three (Record debits first, then credits. Exclude explanations from any journal estris) Review the amortization table prepared in Requirement b Account Now record the accrual entry at December 31, 2024 Grz July 1, 2024 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each Jas 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on t Read the requirements Now record the accrual entry at December 31, 2024. Review the amortization table prepared in Requirement b Account December 31, 2024 Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjus ANT Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjustem entries Interest on the note was accrued at December 31, 2027) Account Payment at maturity On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue cos s are $96,978. The company's fiscal year ends on December 31. Read the requirements Requireme whole dollar The Issue p Requiremer assuming th First, find the to the neare The effective Requirements b. C. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022, through January 1, 2023) Assume that the company uses a premium or discount account if needed Prepare the journal entries to record the interest accrual and amortization for year three Prepare the journal entry to record payment of the bonds at maturity d. Determine the issue price of the debt and the amount of the bond discount or premium Find the effective interest rate after considering bond issue costs Prepare the amortization table for the bond issue through January 1, 2025, assuming that Trisha uses the effective interest rate method of amortization e. X ons Round your final answer to the nearest the bond issue through January 1, 2025 or your calculations Round you find I answer Next On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and luly 1 w the first interest payment due at the end of the period on July 1, 2022 The market rate of interest on the date of the bond issue was 6%. Bond issue cots are $96,978. The company's fiscal year ends on December 31, Read the requirements Requirement a. Determine the issue price of the debt. (Use a financial calculator or a spreadsheet for your calculations. Round your final answer to the neares whole dollar) The issue price of the debt- 1100000 I Requirement b. Find the effective interest rate after considering bond issue costs. Prepare the amortization table for the bond issue through January 1, 2025 assuming that Trisha uses the effective interest rate method of amortization First, find the effective interest rate after considering bond issue costs (Use a financial calculator or a spreadsheet for your calculations. Round you fin. I answ to the nearest whole percent) The effective interest rate after considering bond issue costs = Next On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds Interest is payable semiannually each January 1 aid Jily 1 with the first interest payment due at the em 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on December 31 Read the requirements CITO Prepare the amortization table for the bond issue through January 1, 2025. assuming that Trisha uses the effective interest rate method of amortization (he an interest rate rounded to the nearest whe calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table) Date: January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 January 1, 2025 Cash Interest Effective Interest Discount/Premium Amortization Carrying Value On January 1, 2022. Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 and Jay 1 with the first interest payment due at the m 2022. The market rate of interest on the date of the bond issue was 6% Bond issue costs are $96.978 The company's fiscal year ends on December 31 Read the requirements January 1, 2025 Requirement c. Prepare the journal entries necessary to account for the bonds for the first year (January 1, 2022. through January 1, 2023) Assum: thit the company uses a premium ar discount accou debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations) Begin by recording the issuance of the bonds payable. Account Record the first semiannual interest payment January 1, 2022 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each January 1 am 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96,978. The company's fiscal year ends on December Read the requirements Requirement d. Prepare the journal entries to account for the bonds in year three. Begin by recording the first semiannual interest payment for year three (Record debits first, then credits. Exclude explanations from any journal estris) Review the amortization table prepared in Requirement b Account Now record the accrual entry at December 31, 2024 Grz July 1, 2024 On January 1, 2022, Trisha Clothing Corporation issued $1,100,000 par value, 4%, 6-year bonds. Interest is payable semiannually each Jas 2022. The market rate of interest on the date of the bond issue was 6%. Bond issue costs are $96.978. The company's fiscal year ends on t Read the requirements Now record the accrual entry at December 31, 2024. Review the amortization table prepared in Requirement b Account December 31, 2024 Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjus ANT Requirement e. Prepare the journal entry to record payment of the bonds at maturity (Assume that any rounding differences have been adjustem entries Interest on the note was accrued at December 31, 2027) Account Payment at maturity