Required information Problem 9-1B (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Stoops Entertainment purchases a building for $480,000, paying $100,000 down and borrowing the remaining $380,000, signing a(n) 7%,20-year mortgage. Installment payments of $2,946.14 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1B (Algo) Part 1 Required: 1. Record the purchase of the building on January 1, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Problem 9-1B (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Stoops Entertainment purchases a building for $480,000, paying $100,000 down and borrowing the remaining $380,000, signing a(n) 7\%, 20-year mortgage. Installment payments of $2,946.14 are due at the end of each month, with the first payment due on January 31, 2024. roblem 9-1B (Algo) Part 2 Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 ecimal places.) 3-a. Record the first monthly mortgage payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loar Answer is not complete. Complete this question by entering your answers in the tabs below. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places. Do not round intermediate calculations.) 3-a. Record the first monthly mortgage payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? Answer is not complete. Complete this question by entering your answers in the tabs below. Record the first monthly mortgage payment on January 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. roblem 9-5B (Algo) Part 1 equired: If the market interest rate is 8%, the bonds will issue at $2,500,000. Record the bond issue on January 1,2024 , and the first two emiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event elect "No Journal Entry Required" in the first account field.) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1,2024 , the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 2 2. If the market interest rate is 9%, the bonds will issue at $2,296,389. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30,2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 2 2. If the market interest rate is 9%, the bonds will issue at $2,296,389. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet Record the first semiannual interest payment. Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 2 2. If the market interest rate is 9%, the bonds will issue at $2,296,389. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 3 3. If the market interest rate is 7%, the bonds will issue at $2,729,901. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. oblem 9-5B (Algo) Part 3 If the market interest rate is 7%, the bonds will issue at $2,729,901. Record the bond issue on January 1,2024 , and the first two miannual interest payments on June 30,2024, and December 31, 2024. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. roblem 9-5B (Algo) Part 3 If the market interest rate is 7%, the bonds will issue at $2,729,901. Record the bond issue on January 1,2024 , and the first two emiannual interest payments on June 30,2024, and December 31, 2024. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)