Required information The following information applies to the questions displayed below.] Coney Island Entertainment issues $1,300,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Part 1 of 3 Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3.12 points 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 $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) eBook Issue price References Date Cash Paid Interest Change in Expense Carrying Value Carrying Value 1/1/2021 6/30/2021 12/31/2021 3.12 points 2. The market interest rate is 8% and the bonds issue at a discount. (FV of $1. PV of $1. EVA of $1, and PVA of 51) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Book Issue price Print References Cash Pald Interest Expense change in Carrying Value Date 1/1/2021 6/30/2021 12/31/2021 / / / / / / / Check my work requirea informauon (The following information applies to the questions displayed below.) Coney Island Entertainment issues $1,300,000 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: 3. The market interest rate is 6% and the bonds issue at a premium. (FV of $1. PV of $1. EVA 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 Dato Cash Paid Change in Interest Expense Carrying Value Carrying Value 1/1/2021 6/30/2021 12/31/2021 Pretzelmania, Inc., issues 7%, 10-year bonds with a face amount of $70.000 for $70,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bond. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 TT Pretzelmania, Inc., issues 7%, 10-year bonds with a face amount of $70,000 for $70,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
