redit Union (ECU) issued 8%, 20 year bonds payable with face value of $650.000. The bonds pay rest on June 30 and December 31 Read the requirements Requirement 1. If the market interest rate is 6% when ECU issues its bonds, will the bonds be priced at face value at a pretium, orta discount explain The 8% bonds issued when the market interest rate is 6% will be priced at They are in this market, sa investors will pay Requirement 2. If the market interest rate is 9% when ECU issues its bonds, will the bonds be priced at facevalo, at a premium or at decourt? Explan. acquire them The 8% bonds issued when the market interest rate is 9% will be priced They are in this market, so investors will pay Requirement 3. The issue price of the bonds is 98. Journalize the bond transactions. Assume bonds payable are wortized using the straight line aortation method. Record bis first, then rends. See explanations on the last line of the joumal entry Round your answers to the nearest whole doll a. Journalize the issuance of the bonds on January 1, 2018 O Requirements Date Accounts and Explanation Debit Credit 2018 1. the market ferestre 6% when ECU issues its bonds, will the bonds be price of Jan. 1 value at a premium or a discount? Explain 2. the market interest rate is 9% when ECU issue is bonds, will the bonds be price from value at a premium or at a discount? Explain 3. The issue price of the bonds is. Jom the following bond transactions a. Issuance of the bonds on January 1, 2018 b. Payment of interest and amortization on June 30, 2018 c. Payment of interest and amortization on December 31, 2018 d. Retirement of the bond at maturity on December 31, 2007, ssuming the last interest b. Journalize the payment of interest and amortization on June 30, 2018 payment has already been recorded. Date Accounts and Explanation Print Done Debit Credit Choose from any list or enter any number in the input fields and then continue to the next que Une ben pay restored Deer rements b. Joumalize the payment of Werstand amortization on June 30, 2018 Date Accounts and Explanation 2016 Jun 30 Deba Credit Requirements c. Joumalize the payment of interest and amortization on December 31, 2018 Date Accounts and Explanation Debit 2018 Dec. 31 Credit 1. the marrest rate is 5% when ECU issues bords, wil the bonds be priced at face value at a premium, or at a court plan 2. Ythe market interest rates when its bonds will the bande de priced face value at a premium, or at a discount? Explain 3. The issue price of the bonds is 18 Journalire the following bordracions a. Issuance of the bonds on January 1 2018 b. Payment of interest and amortization on Ane 30, 2018 6. Payment of interest and mortation on December 31, 2018 d. Retirement of the band at maturity on December 31, 2017, assuming the last payment has already been recorded d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has Done Choose from any list or enter any number in the input fields and then continue to the next que Dec 31 Requirements d. Retirement of the bond at maturity on December 31, 2017, assuming the last interest payment Date Accounts and Explanation Debit Credit 2037 Des 31 1. mis own bonds, wil he bond be price face vale a porta mawe ECU bonde lebensbericed fece prin ortalan 2 The price of the bonds is at the following bondions use of the bond on January 12016 Payment of standartinon ne 30 2018 Payment standartini on December 31, 2018 d. Retreat of the bond on December 31, 2007, ssuring the payment has already been recorded Print Done Choose from any list or enter any number in the input fields and then continue to the next PE $ 4 # 3 & 7 % 5. 6 On January 1, 2018, Educators Credit Union (ECU) issued 8%. 2ynar bends payable with face value of $450,000. The borde pay interest on June 30 und December 31 Read the requirements Requirement 1. the market Worlat is when ECU is its bonds, wil he bonds be price faceva, premium, or at a discount? Explain The 8% bonds issued when the market interest rate 6% will be priced at They we in this market, so investors will pay to acquire them Requirement 2. If the market interest rate is 9% when ECU issues its bonds, will the bonds be priced at face valus, at a premium or at a discount? Explain The bonds when the markets wil be priced They we in this market, so investors will pay y to acquire them Requirement. The issue price of the bonds is 98. Joumalize the bond transactions. Assume bonds payable are amortized using the straight-line amortization method. Record debits first, the credits. Select explanations on the ofry Round your own to the nearest whole dollar) a Joumalize the issuance of the bonds on Suary 1, 2018 Date Accounts and Explanation Debit Credit 1 Requirements 2018 Jon 1 1. the marinero when ECU bonde will the bonds be priced at face vakre, at a premium of at a discount? Explain. the market interest rate is 9% when ECU issues its bonds, wil the bonds be priced at face orata discount? Explan 3. The the bonds is our flowing bond transactions ance of the bondson Jury 2018 Payment of interest and mortization on June 30, 2018 Journame he payment of interest and motion 20, 2018 6. Payment of interest and amortization on December 31, 2018 Date Accounts and Explanation Debit Credit Grenent of the band at maturty on December 31, 2007, touring the last interest payment has wready been recorded Choose from any or enter any umber in the routes and then continue to the next Print Done On January 1, 2018, Educators Credit Union (ECU) 8%, 20-year bonde payable wih face value of $850.000. The bonds pay interest on June 30 md December 31 Read the requirements b. Journal the payment of wind a mortation on June 30, 2018 Date Accounts and Explanation Debit Credit 2018 Jun 30 curement Credit Jourmaline the payment of interest and motion on December 31, 2018 Date Accounts and Explanation Debit 2018 Dec 31 1. the materials when ECU its bonds will the bond be priced at lave value at a premium, at a discount? Explain 2 the market interest rate is 19% when ECU issues its bonds will the bonds be priced at face valuta premium, or at a discount? Explain 3. The price of the bond Journals the following bond transactions Issuance of the bonds on January 1, 2018 Payment of interest and mortation on June 30, 2018 Payment of interest and amortization on December 31, 2016 d Retirement of the bond maturity on December 31, 2037, assuming the last interest payment has ready been recorded d. Retirement of the bond at maturity on December 31, 2037 asuming the last payment Choose from any list of enter any number in the input fields and then come to the rest Print Dore On January 1, 2018, Educators Credit Union (ECU) issued 8%, 20 year bonds payable with face value of $450,000. The bonds pay interest on June 30 and December 31 Read the requirements e. Joumalize the payment of interest and amortization on December 31, 2018 Date Accounts and Explanation Debit 2018 Credit Dec 31 Requirements d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment Accounts and Explanation Debit Credit Date 2037 Dec 31 1. the market interest rate is 6% when ECU issues its bords, will the bonds be priced at face Ma premium or it? Explain 2 the market interest rate 9% when ECU est bonds will the bonds be priced at face value a premium, or at a discount? Explain 3 The price of the bonds is 98. Joumalize the folowing bond transactions hance of the bonds on January 1, 2018 Payment of interest and amortization on June 30, 2018 Payment of rest and amortization on December 31, 2018 d. Retirement of the band mainly on December 31, 2017 in the last interest payment has already been recorded Choose from any list of entering number in the input ned and then continue to the next Print Don