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plz answer both the balance sheets and the journal entry asap. these are parts of one question. Question 2 of 4 > 5/40 in View

plz answer both the balance sheets and the journal entry asap. these are parts of one question. image text in transcribed
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image text in transcribed
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Question 2 of 4 > 5/40 in View Policies Show Attempt History 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. Question 2 of 4 5/40 iii 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) Question 2 of 4 5/40 11! Part 8 Show how the bonds and related income statement accounts would be presented in Bonita Ltd's financial statements for the year ended December 31, 2021. (Round answers to decimal places, eg. 5,275.) BONITA LTD. Balance Sheet (Partial) $ $ BONITA LTD. Income Statement (Partial) 24" Partly Question 2 of 4 5/40 Balance Sheet (Partial) BONITA LTD. Income Statement (Partial) e Textbook and Media 6 Question 2 of 4 5/40 Part 7 Prepare the journal entries for Bonita Ltd. to record: (1) The payment 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, eg. 5,275.) Date Account Titles and Explanation Debit Credit Jul. 1 (To record payment of interest on bonds.) (2) The accrual of interest expense 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, eg. 5,275.) N. ARTil den 240 Partly sur Wherunchida602362441737d 50063ddd170/estoru Maps Question 2 of 4 5/40 E (2) The accrual of interest expense 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 Debit Credit Dec. 31 To accrue interest expense.) (3) 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. Round answers to decimal places, eg. 5,275) Date Account Titles and Explanation Debit Credit Jan. 1 o Etc 24'C Partly sunny

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