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Problem 14-3 Straight-line and effective interest compared [LO14-2] On January 1, 2018, Bradley Recreational Products issued $200,000. 1996 fouleur bonds, Interest is paid semiannually on
Problem 14-3 Straight-line and effective interest compared [LO14-2] On January 1, 2018, Bradley Recreational Products issued $200,000. 1996 fouleur bonds, Interest is paid semiannually on June 30 and December 31 The bonds were issued at 5193.790 to yield an annual return of 128. (FV $1. PV of SLEVA 1 PVA STVAR OS and PVAD EST (Use appropriate factors from the tables provided) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate 2. Prepare an amortization schedule by the straight line method 3. Prepare the journal entries to record interest expense on June 30, 2020 by each of the two approaches 5. Assuming the market rate is 12 what price would a second investor pay the first investor on June 30, 2020, for $24,000 of the bonds? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an amortization schedule that determines Interest at the affective interest rate. (Enter your answers in whole dollars. Tecrease in Parent Nume C ash Efective Paymenterest i ng Valu Required 2 >
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