Required information [The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations Issues $23 million of bonds that pay interest semiannually on June 30 and December 31, Portions of the bond amortization schedule appear below: (1) (2) (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $21,365,573 6/30/2021 $690,000 $747,795 $57,795 21,423,368 12/31/2021 690,000 749,818 59,818 21,483, 186 2. What is the original Issue price of the bonds? (Enter your answer in dollars, not millions. (.e., $5.5 million should be entered as 5,500,000).) Issue price Required information [The following information applies to the questions displayed below) (2) On January 1, 2021, Vacation Destinations issues $23 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $21,365,573 6/30/2021 $690,000 $747,795 $57,795 21,423,368 12/31/2021 690,000 749,818 59,818 21,483, 186 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (.e., $5.5 million should be entered as 5,500,000).) Face amount Required information [The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations issues $23 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $21,365,573 6/30/2021 $690,000 $747,795 $57,795 21,423,368 12/31/2021 690,000 749,818 59,818 21,483, 186 4. What is the stated annual interest rate? Answer is complete but not entirely correct. Stated annual interest rate 7% Required information [The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations issues $23 million of bonds that pay Interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $21, 365,573 6/30/2021 $690,000 $747,795 $57,795 21,423,368 12/31/2021 690,000 749,818 59,818 21,483, 186 5. What is the market annual interest rate? (Round your answer to the nearest whole percent.) Market annual interest rate % Required information [The following information applies to the questions displayed below) On January 1, 2021, Vacation Destinations issues $23 million of bonds that pay Interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $21,365,573 6/30/2021 $690,000 $747,795 $57,795 21,423,368 12/31/2021 690,000 749,818 59,818 21,483, 186 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in dollars, not millions. (i.e.. $5.5 million should be entered as 5,500,000).) Total cash interest
