Remaining Time: 1 hour, 34 minutes, 41 seconds. Question Completion Status: QUESTION 2 On January 1, 2020. Boomer Universal issued 129 bonds dated January 1, 2020, with a face amount of $200 million. The bonds mature in 2027 [10 years For bonds of similar risk and maturity, the market yield is 10% Interest is paid semiannually on June 30 and December 31 Required: 1. Determine the price of the bands at January 1, 2020. 2. Prepare the journal entry to record the bond issuance by Boomer on January 1, 2020 3. Prepare the journal entry to record interest on June 30, 2020, using the effective method 4. repare the journal entry to record interest on December 31, 2020, using the effecove method TTT 3(126) TEE. QUESTIONS Type here to search