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please answer asap these are two parts of one question. please answer the balance sheet as per given chart so that i can fill the
please answer asap these are two parts of one question. please answer the balance sheet as per given chart so that i can fill the columns accordingly. Question 2 of 4 - / 40 View Policies Current Attempt in Progress On January 1, 2021, Bonita Ltd. issued bonds with a maturity value of $5,20 million for $4.999,280, when the market rate of interest was 10%. The bonds have a contractual interest rate of 9% and mature on January 1, 2026. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. On January 1, 2021, Ivanhoe Company, a public company, purchased Bonita Ltd. bonds with a maturity value of $1.04 million to earn interest. On December 31, 2021, the bonds were trading at 99. Both companies' year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided) Question 2 of 4 Part 4 - / 40 Prepare the journal entries for Ivanhoe Company to record: (1) The receipt of interest on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, es. 5,275) Date Account Titles and Explanation Debit Credit July 1 (To record collection of interest on bonds.) (2) The accrual of interest on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, es-5,275.) Date Account Titles and Explanation O Debit Credit 24C Mostly sunny Question 2 of 4 - / 40 (2) The accrual of interest on December 31, 2021. (Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to o decimal places, eg: 5,275.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue interest revenue.) (3) The receipt of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1 O etc c c 1 24'C Mostly sunny Vaps question/1 Question 2 of 4 - / 40 III Show how the bonds and related income statement accounts would be presented in Ivanhoe Company's financial statements for the year ended December 31, 2021. (Round answers to decimal places, eg. 5,275.) IVANHOE COMPANY Balance Sheet (Partial) IVANHOE COMPANY Income Statement (Partial) o
please answer asap these are two parts of one question. please answer the balance sheet as per given chart so that i can fill the columns accordingly.
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