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please do all 3 parts of the question. what's on screen is mostly all wrong Exercise 144 (Static) Investor; effective interest [LO14-2] The Bradford Company
please do all 3 parts of the question. what's on screen is mostly all wrong
Exercise 144 (Static) Investor; effective interest [LO14-2] The Bradford Company issued 10% bonds, dated January 1 , with a face amount of $80 million on January 1,2024 to Saxton-Bose Corporation.. - The bonds mature on December 31,2033 (10 yars). - For bonds of similar risk and maturity, the market yield is 12%. - Interest is paid semiannually on June 30 and December 31 . Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1,2024 , interest revenue on June 30,2024 and interest revenue on December 31, 2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of \$1) Journal entry worksheet Record the purchase of the bonds by Saxton-Bose. Note: Enter debits before credits. Exercise 14-4 (Static) Investor; effective interest [LO14-2] The Bradford Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1,2024 to Saxton-Bose Corporation. - The bonds mature on. December 31, 2033 (10 yars). - For bonds of similar risk and maturity, the market yleld is 12%. - Interest is paid semiannually on June 30 and December 31 . Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1,2024 , interest revenue on June 30,2024 and interest revenue on December 31,2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Note: Use tables, Excel, or a financial calculator. (EV of $1,PV of $1, FVA of $1,PVA of $1, FVAD of $1 and PVAD of \$1) Journal entry worksheet Record the interest revenue on June 30,2021. Note: Enter debits before aredits. Exercise 14-4 (Static) Investor; effective interest [LO14-2] The Bradford Company issued 10\% bonds, dated January 1, with a face amount of $80 million on January 1,2024 to Saxton-Bose Corporation.. - The bonds mature on. December 31,2033 (10 yars). - For bonds of similar risk and maturity, the market yield is 12%. - Interest is paid semiannually on June 30 and December 31 . Required: 1. to 3. Prepare the journal entries to record the purchase of the bonds by Saxton-Bose on January 1, 2024, interest revenue on June 30,2024 and interest revenue on December 31, 2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of \$1) Journal entry worksheet Record the interest revenue on December 31,2021. Note: Enter debits before creditsStep by Step Solution
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