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please answer it Asap On January 1, 2021, Ivanhoe Ltd. issued bonds with a maturity value of $6,800,000 when the market rate of interest was
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On January 1, 2021, Ivanhoe Ltd. issued bonds with a maturity value of $6,800,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The company's 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 Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to O decimal places, e.g. 5,275.) Issue Price $ e Textbook and Media Assistance Used e Textbook 1 e Textbook 2 e Textbook 3 e Textbook 4 List of Accounts X + s/44586/assignments/4901159 e Prepare a bond amortization schedule from the date of issue up to and including January 1, 2023. (Round answers to decimal places, es. 5,275.) IVANHOE LTD. Bond Premium Amortization Table Effective Interest Method-Semi-Annual Interest Payments 5% Bonds Issued at market rate of 4% Interest Payment Interest Expense Premium Amortization $ Date Bond Amortized Cost Jan 1, 2021 $ $ $ July 1, 2021 Jan. 1. 2022 July 1, 2022 Jan. 1.2023 e Textbook and Media List of Accounts 21 Prepare all of the required journal entries related to the bonds that Ivanhoe Ltd. will record during 2021, including any adjusting und Anware to derimalni reca 5 275 Credit rrunt titles are automatically indentart when ENG Prepare all of the required journal entries related to the bonds that Ivanhoe Ltd. will record during 2021, including any adjusting journal entries at December 31, 2021. (Round answers to O decimal places, e.g. 5,275. 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.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record issuance of bonds:) July 1 (To record interest payment.) Dec. 31 (To accrue interest expense.) e Textbook and Media What amounts would be reported as current and non-current in the liabilities section of Ivanhoe Ltd's December 31, 2021, balance sheet? (Round answers to 0 decimal places, eg. 5,275.) IVANHOE LTD. Balance Sheet (Partial) $ e Textbook and Media List of Accounts ses/44586/assignments/4901159 Record the payment 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record interest payment.) e Textbook and Media List of Accounts The bonds were redeemed on January 1, 2023 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds. (Round answers to decimal places, e.g. 5,275. 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.) Date Account Titles and Explanation Debit Credit Jan. 1 44586/assignments/4901159 . Assume instead that the bonds were not redeemed on January 1, 2023. Record the entry for the repayment of the bonds on January 1. 2031. (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.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record maturity of bond.) e Textbook and Media List of Accounts What will be the total interest payment over the 10-year life of the bonds? What will be the total interest expense over the 10-year life of the bonds? (Round answers to decimal places, e.g. 5,275.) Interest Payment $ Interest Expense $ - w do ENG TABLE PV.1 Present Value of 1 com content2Weygandt Accounting Principles Serebooks.epub.279781119502434XZTOPS2 PV = (1+1) (n) Periods 3% 1 2 3 4 5 6 7 8 9 10 1.5% 2% 2.5% 3.5% 4% 5% 696 7% 896 9% 1096 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 064461 0.59190 0.54393 0.50025 0.46043 0.42410 0.86167 0.82035 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.58,468 0.52679 0.47509 0.42888 0.38753 0.35049 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.50507 0.44230 0.387820.34046 0.29925 0.26333 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.45811 0.39365 033873 0.29189 0.25187 0.21763 0.77639 0.65720 0.71416 0.60502 0.55720 0.51337 0.43630 0.37136 0.27027 0.31657 0.19784 0.23107 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.41552 0.35034 0.17986 0.29586 0.25025 0.21199 0.57029 0.52016 0.68643 0.62553 0.47464 0.75361 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.67207 0.55368 0.50257 0.61027 0.45639 0.37689 0.31180 0.25842 0.21455 0.178.43 0.14864 0.78120 16.74409 0.70892 11 12 13 14 15 16 17 18 19 20 PV - PMT (-1***) (n) Periods 3N 6 7 1 2 3 4 5 6 7 8 9 10 1.5 0.98522 1.95588 2.91220 3.85438 4.78264 5.69719 6.59821 7.48593 8.36052 9.29218 10.07112 10.90751 11.73153 12.54338 13.34323 14.13126 14.90765 15.67256 16.42617 17.1686-4 0.98039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 14.29187 14.99203 15.67846 16.35143 0.97561 1.92742 2.85602 3.76197 4.64583 5:50813 6.34939 7.17014 7.97087 8.75206 9.51421 10.25776 10.98318 11.69091 12.38138 13.05500 13.71220 14.35336 14.97889 15.58916 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93704 12.56110 13.16612 1375351 14.32380 14.87747 3-5 0.96618 1.89969 2.80161 3.67308 4.51505 5-32855 6.11454 6.87396 7.60769 8.31661 9.00155 9.66333 10.30274 10.92052 11 51741 12.09412 12.65132 13.18968 13.70984 14.21240 4N 0.96154 1.88609 2.77509 3.62990 445182 5.24214 6.00205 6.73274 7.43533 8.11090 8.76048 9.38507 9.98565 10.36312 11.11839 11.65230 12.16567 12.65930 13.13394 13 39033 5N 0.95238 1.85941 2.72325 3-54595 432948 5.07569 5.78637 6.46321 7.10782 7.72173 8.30611 8.86325 9-39357 9.89864 10.37966 10.83777 11.27407 11.68959 12.08532 12.16221 0.94340 1.83339 9.67301 3.46511 4.21236 4.91732 558238 6.20979 6.80169 7.36009 7.88687 838384 8.85268 9.29498 9.71225 10,10590 10.47726 10.82760 11.15812 11.46992 0.93458 1.80802 2,62432 3-38721 4.10020 4.76654 538929 5.97130 6.51523 7.02358 7.49867 7.94269 8.35765 8.74547 9.10791 9-44665 9.76322 10.05909 10.33560 10.59403 8% 0.92593 1.78326 2.57710 3-31213 3.99271 4.62388 5.20637 5.74664 6.2.4689 6.71008 7.13896 7.53608 7.90378 8.24424 8.55948 8.85137 9.12164 9.37189 9.60360 9.81815 ON 0.91743 1.75911 2.53129 323972 3.88965 4-48592 5.03295 5-53482 5.99525 6.41766 6.80519 7.16073 7-48690 7.78615 8.06069 8.31256 8.54363 8.75563 8.95011 9.12855 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 5-33493 5-75902 6.14457 6.49506 6.81369 7.10336 736669 7.60608 7.82371 8.02155 8.20141 8.36492 8.51356 13 14 15 16 17 18 19 20 AO ENG On January 1, 2021, Ivanhoe Ltd. issued bonds with a maturity value of $6,800,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The company's 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 Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to O decimal places, e.g. 5,275.) Issue Price $ e Textbook and Media Assistance Used e Textbook 1 e Textbook 2 e Textbook 3 e Textbook 4 List of Accounts X + s/44586/assignments/4901159 e Prepare a bond amortization schedule from the date of issue up to and including January 1, 2023. (Round answers to decimal places, es. 5,275.) IVANHOE LTD. Bond Premium Amortization Table Effective Interest Method-Semi-Annual Interest Payments 5% Bonds Issued at market rate of 4% Interest Payment Interest Expense Premium Amortization $ Date Bond Amortized Cost Jan 1, 2021 $ $ $ July 1, 2021 Jan. 1. 2022 July 1, 2022 Jan. 1.2023 e Textbook and Media List of Accounts 21 Prepare all of the required journal entries related to the bonds that Ivanhoe Ltd. will record during 2021, including any adjusting und Anware to derimalni reca 5 275 Credit rrunt titles are automatically indentart when ENG Prepare all of the required journal entries related to the bonds that Ivanhoe Ltd. will record during 2021, including any adjusting journal entries at December 31, 2021. (Round answers to O decimal places, e.g. 5,275. 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.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record issuance of bonds:) July 1 (To record interest payment.) Dec. 31 (To accrue interest expense.) e Textbook and Media What amounts would be reported as current and non-current in the liabilities section of Ivanhoe Ltd's December 31, 2021, balance sheet? (Round answers to 0 decimal places, eg. 5,275.) IVANHOE LTD. Balance Sheet (Partial) $ e Textbook and Media List of Accounts ses/44586/assignments/4901159 Record the payment 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record interest payment.) e Textbook and Media List of Accounts The bonds were redeemed on January 1, 2023 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds. (Round answers to decimal places, e.g. 5,275. 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.) Date Account Titles and Explanation Debit Credit Jan. 1 44586/assignments/4901159 . Assume instead that the bonds were not redeemed on January 1, 2023. Record the entry for the repayment of the bonds on January 1. 2031. (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.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record maturity of bond.) e Textbook and Media List of Accounts What will be the total interest payment over the 10-year life of the bonds? What will be the total interest expense over the 10-year life of the bonds? (Round answers to decimal places, e.g. 5,275.) Interest Payment $ Interest Expense $ - w do ENG TABLE PV.1 Present Value of 1 com content2Weygandt Accounting Principles Serebooks.epub.279781119502434XZTOPS2 PV = (1+1) (n) Periods 3% 1 2 3 4 5 6 7 8 9 10 1.5% 2% 2.5% 3.5% 4% 5% 696 7% 896 9% 1096 0.98522 0.98039 0.97561 0.97087 0.96618 0.96154 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.97066 0.96117 0.95181 0.94260 0.93351 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645 0.95632 0.94232 0.92860 0.91514 0.90194 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75131 0.94218 0.92385 0.90595 0.88849 0.87144 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.92826 0.90573 0.88385 0.86261 0.84197 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.91454 0.88797 0.86230 0.83748 0.81350 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.90103 0.87056 0.84127 0.81309 0.78599 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.88771 0.85349 0.82075 0.78941 0.75941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.87459 0.83676 0.80073 0.76642 0.73373 0.70259 064461 0.59190 0.54393 0.50025 0.46043 0.42410 0.86167 0.82035 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.84893 0.80426 0.76214 0.72242 0.68495 0.64958 0.58,468 0.52679 0.47509 0.42888 0.38753 0.35049 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.55684 0.49697 0.44401 0.39711 0.35553 0.31863 0.82403 0.77303 0.72542 0.68095 0.63940 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.81185 0.75788 0.70773 0.66112 0.61778 0.57748 0.50507 0.44230 0.387820.34046 0.29925 0.26333 0.79985 0.74301 0.69047 0.64186 0.59689 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.78803 0.72845 0.67362 0.62317 0.57671 0.53391 0.45811 0.39365 033873 0.29189 0.25187 0.21763 0.77639 0.65720 0.71416 0.60502 0.55720 0.51337 0.43630 0.37136 0.27027 0.31657 0.19784 0.23107 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.41552 0.35034 0.17986 0.29586 0.25025 0.21199 0.57029 0.52016 0.68643 0.62553 0.47464 0.75361 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.67207 0.55368 0.50257 0.61027 0.45639 0.37689 0.31180 0.25842 0.21455 0.178.43 0.14864 0.78120 16.74409 0.70892 11 12 13 14 15 16 17 18 19 20 PV - PMT (-1***) (n) Periods 3N 6 7 1 2 3 4 5 6 7 8 9 10 1.5 0.98522 1.95588 2.91220 3.85438 4.78264 5.69719 6.59821 7.48593 8.36052 9.29218 10.07112 10.90751 11.73153 12.54338 13.34323 14.13126 14.90765 15.67256 16.42617 17.1686-4 0.98039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 9.78685 10.57534 11.34837 12.10625 12.84926 13.57771 14.29187 14.99203 15.67846 16.35143 0.97561 1.92742 2.85602 3.76197 4.64583 5:50813 6.34939 7.17014 7.97087 8.75206 9.51421 10.25776 10.98318 11.69091 12.38138 13.05500 13.71220 14.35336 14.97889 15.58916 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63496 11.29607 11.93704 12.56110 13.16612 1375351 14.32380 14.87747 3-5 0.96618 1.89969 2.80161 3.67308 4.51505 5-32855 6.11454 6.87396 7.60769 8.31661 9.00155 9.66333 10.30274 10.92052 11 51741 12.09412 12.65132 13.18968 13.70984 14.21240 4N 0.96154 1.88609 2.77509 3.62990 445182 5.24214 6.00205 6.73274 7.43533 8.11090 8.76048 9.38507 9.98565 10.36312 11.11839 11.65230 12.16567 12.65930 13.13394 13 39033 5N 0.95238 1.85941 2.72325 3-54595 432948 5.07569 5.78637 6.46321 7.10782 7.72173 8.30611 8.86325 9-39357 9.89864 10.37966 10.83777 11.27407 11.68959 12.08532 12.16221 0.94340 1.83339 9.67301 3.46511 4.21236 4.91732 558238 6.20979 6.80169 7.36009 7.88687 838384 8.85268 9.29498 9.71225 10,10590 10.47726 10.82760 11.15812 11.46992 0.93458 1.80802 2,62432 3-38721 4.10020 4.76654 538929 5.97130 6.51523 7.02358 7.49867 7.94269 8.35765 8.74547 9.10791 9-44665 9.76322 10.05909 10.33560 10.59403 8% 0.92593 1.78326 2.57710 3-31213 3.99271 4.62388 5.20637 5.74664 6.2.4689 6.71008 7.13896 7.53608 7.90378 8.24424 8.55948 8.85137 9.12164 9.37189 9.60360 9.81815 ON 0.91743 1.75911 2.53129 323972 3.88965 4-48592 5.03295 5-53482 5.99525 6.41766 6.80519 7.16073 7-48690 7.78615 8.06069 8.31256 8.54363 8.75563 8.95011 9.12855 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 5-33493 5-75902 6.14457 6.49506 6.81369 7.10336 736669 7.60608 7.82371 8.02155 8.20141 8.36492 8.51356 13 14 15 16 17 18 19 20 AO ENG Step by Step Solution
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