Required information The following information applies to the questions displayed below] On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. points 8 02-100 Required: 1. If the market interest rate is 7%, the bonds will issue at $520,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No General Journal Credit Date January 01, 2021 Cash Bonds Payable Debit 520,000 520,000 June 30, 2021 31,200 Interest Expense Cash 31,200 31,200 December 31, 202 Interest Expense Cash 31200 Required information The following information applies to the questions displayed below) On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year 2. If the market interest rate is 8%, the bonds will issue at $475,041. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (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.) Answer is not complete. General Journal Debit Credit January 01, 2021 40.000 100,000 On January 1, 2021, I wister Enterprises, a manufacturer of a variety of transportable spinnides, issues 3520,000 of 1% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year Part 3 of 3 3. If the market interest rate is 6%, the bonds will issue at $570,961. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (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.) points View transaction list o Ow 2 02.0922 Journal entry worksheet Skipped 2 3 Record the bond issue. Note: Enter debits before credits Date General Journal Debit Credit Reference January 01, 2021 Record entry Clear entry View general ournal On January 1, 2021, I wister Enterprises, a manufacturer of a variety of transportable spin ndes, issues $520,000 ot / bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Part 3 of 3 3. If the market interest rate is 6%, the bonds will issue at $570,961. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/ev select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) points View transaction list 8 02.09.04 Journal entry worksheet Skipped Record the first semiannual interest payment. Note: Enter debits before credits General Journal Debit To Credit Date June 30, 2021 References Record entry Clear entry View general journal On January 1, 2021, I wister Enterprises, a manutacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Part 3 of 3 3. If the market interest rate is 6%, the bonds will issue at $570,961. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/ever select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) Dons View transaction list 8 02:08:55 Journal entry worksheet 1 2 Record the second semiannual interest payment. Note: Enter debuts before credits Date General Journal Debit Credit References December 31, 2021 Record entry Clear entry View general journal Required information The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $140.000, paying $40.000 down and borrowing the remaining $100.000, signing a 9 10-year mortgage Installment payments of $1,266 76 are due at the end of each month, with the first payment due on January 31, 2021 Required: 1. Record the purchase of the building on January 1, 2021. Of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Date General Journal January 01, 2021 No Transaction Recorded Debit Credit Required information [The following information applies to the questions displayed below! On January 1, 2021, Gundy Enterprises purchases an office building for $140,000, paying $40.000 down and borrowing the remaining $100,000, signing a 9%, 10 year mortgage Installment payments of $1.266 76 are due at the end of each month, with the first payment due on January 31, 2021 020 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Decrease in Cama Value Expense Carrying Value Carrying Value 1/1/2021 1/30/2021 2/202021 The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $140,000, paying $40.000 down and borrowing the remaining $100,000, signing a 9%, 10 year mortgage Installment payments of 5126676 are due at the end of each month, with the first payment due on January 31, 2021 3-a. Record the first monthly mortgage payment on January 31, 2021, 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.) View transaction list Journal entry worksheet Record the first monthly mortgage payment Notes Enter debits before credits Date January 31, 2021 General Journal Debit Credit Part 4 of 4 Required information The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $140,000, paying $40,000 down and borrowing the remaining $100.000 signing a 10 year mortgage Installment payments of $1.266 76 are due at the end of each month, with the first payment due on January 31, 2021 Skipper 4. Total payments over the 10 years are $152,011 ($1266.76 - 120 monthly payments) How much of this is interest expense and how much is actual payment of the loan? Interest expense Actual payments on the loan References