PV and bond intrest

Required information [The following information applies to the questions displayed below] Claire Corporation is planning to issue bonds with a face value of $220,000 and a coupon rate of 12 percent. The bonds mature in two years and pay interest quarterly every March 31 June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year, Claire uses the effective interest amortization method and also uses a discount account. Assume an annual market rate of interest of 16 percent. (FV of $1 PV of S1 FVA of $1 and PVA of $1] (Use the appropriate factor(s) from the tables provided.) Required: 1. Provide the journal entry to record the issuance of the bonds (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 January 01 Cash Bond discount Bonds payable 170,000 50,000 220,000 Required information [The following information applies to the questions displayed below) Claire Corporation is planning to issue bonds with a face value of $220,000 and a coupon rate of 12 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30 September 30, and December 31. All of the bonds were sold on January 1 of this year Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 16 percent FV of s1 PV of S1 PVA of S1 and PVA of S1) (Use the appropriate factor(s) from the tables provided.) 2. Provide the journal entry to record the interest payment on March 31 June 30. September 30, and December 31 of this year (if no entry is required for a transaction/event, select "No journal entry required in the first occount field. Round your final answers to nearest whole dollar amount.) View transaction list View journal entry worksheet NO General Journal Debit Date March 31 Credit Interest expense Bond discount Cash 8,800 Required information [The following information applies to the questions displayed below) Claire Corporation is planning to issue bonds with a face value of $220,000 and a coupon rate of 12 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30. September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 16 percent. (FV of $1. PV of $1. FVA of $1 and PVA of $1) (Use the appropriate factor(s) from the tables provided.) 3. What is the carrying value of the bonds Cloire will report on this year's December 31 balance sheet? (Round your final answers to nearest whole dollar amount.) Answer is complete but not entirely correct. Bonds Payable $ 220,000