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Please fill in exactly the same way as this form National Orthopedics Companu issued 9% bonds, dated January 1 , with a face amount of
Please fill in exactly the same way as this form
National Orthopedics Companu issued 9% bonds, dated January 1 , with a face amount of $750,000 on January 1,2024 . - The bonds mature on December 31, 2027 (4 years). - For bonds of similar risk and maturity the market yield was 10%. - Interest is paid semiannually on June 30 and December 31. Required: 1. Determine the price of the bonds at January 1,2024. 2. Prepare the journal entry to record their issuance by National on January 1, 2024. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30,2024. 5. Prepare the appropriate journal entries at maturity on December 31, 2027. Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2024. Note: Round final answers to the nearest whole dollar. Round your percentage answer to one decimal place. Prepare the journal entry to record their issuance by National on January 1,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Record the issuance of the bonds on January 1,2024. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare an amortization schedule that determines interest at the effective rate each perioc Note: Round intermediate calculations and final answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest on June 30, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest on June 30, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries at maturity on December 31, 2027. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Record the interest expense on December 31, 2027. Note: Enter debits before credits. National Orthopedics Companu issued 9% bonds, dated January 1 , with a face amount of $750,000 on January 1,2024 . - The bonds mature on December 31, 2027 (4 years). - For bonds of similar risk and maturity the market yield was 10%. - Interest is paid semiannually on June 30 and December 31. Required: 1. Determine the price of the bonds at January 1,2024. 2. Prepare the journal entry to record their issuance by National on January 1, 2024. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30,2024. 5. Prepare the appropriate journal entries at maturity on December 31, 2027. Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2024. Note: Round final answers to the nearest whole dollar. Round your percentage answer to one decimal place. Prepare the journal entry to record their issuance by National on January 1,2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Record the issuance of the bonds on January 1,2024. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare an amortization schedule that determines interest at the effective rate each perioc Note: Round intermediate calculations and final answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest on June 30, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record interest on June 30, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries at maturity on December 31, 2027. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet Record the interest expense on December 31, 2027. Note: Enter debits before creditsStep by Step Solution
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