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Required Information Problem 9-7B Calculate the issue price of a bond and prepare amortization schedules (L09-5, 9-7) [The following information applies to the questions displayed

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Required Information Problem 9-7B Calculate the issue price of a bond and prepare amortization schedules (L09-5, 9-7) [The following information applies to the questions displayed below.) Christmas Anytime issues $790,000 of 7% bonds, due in 15 years, with Interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Problem 9-7B Part 1 Required: 1. The market interest rate is 7% and the bonds issue at face amount. (FV of $1. PV of $1. FVA of $1. and PVA of S1) (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round your answers to nearest whole dollar.) Issue price Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 06/30/2021 12312021 Christmas Anytime issues $790,000 of 7% bonds, due in 15 years, with Interest payable semiannually on June 30 and December 31 each year, Calculate the issue price of a bond and complete the first three rows of an amortization schedule when Problem 9-7B Part 2 2. The market interest rate is 8% and the bonds issue at a discount. (FV of $1. PV of $1. FVA of $1, and PVA of $1 (Use appropriate factors) from the tables provided. Do not round Interest rate factors. Round your Issue price Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/312021 Problem 9-7B Part 3 3. The market Interest rate is 6% and the bonds issue at a premium. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round Interest rate factors. Round your answers to nearest whole dollar.) Issue price Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 08/30/2021 12/31/2021

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