s Cuesuon. p EQuestion Help On January 1, 2018, Doctors Credit Union (DCU) issued 7 % , 20-year bonds payable with face value of $200 000. The bonds pay interest on June 30 and December 31 Read the requrements Requirement 1. If the market interest rate is 5 % when DCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. to acquire them in this market, so investors will pay They are The 7% bonds issued when the market interest rate is 5 % will be priced at Requirement 2. If the market interest rate is 8 % when DCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain to acquire them They are in this market, so investors will pay The 7% bonds issued when the market interest rate is 8 % will be priced at Requirement 3. The issue price of the bonds is 93. Journalire the bond transactions (Assume bonds payable are amortized using the straight-ine amortization method Record debits frst, then credits Select explanations on the last line of the journal entry Round your answers to the nearest whole dollar) a. Jounalze the issuance of the bonds on January 1, 2018 Debit Credit Accounts and Explanation Date 2018 7 Choose from any list or enter any number in the input fields and then continue to the next question On January 1, 2018, Doctors Credit Union (DCU) issued 7%, 20-year bonds payable with face value of $200,000. The b Read the requirements wwwg credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) a. Journalize the issuance of the bonds on January 1, 2018 Accounts and Explanation Debit Credit Date 2018 Jan. 1 b. Journalize the payment of interest and amortization on June 30, 2018. Choose from any list or enter any number in the input fields and then continue to the next question Reflect in ePortfolio On January 1, 2018, Doctors Credit Union (DCU) issued 7%, 20-year bonds payable with face value of $200,000. The b Read the requirements b. Journalize the payment of interest and amortization on June 30, 2018 Accounts and Explanation Debit Credit Date 2018 Jun 30 C. Journalize the payment of interest and amortization on December 31, 2018. Choose from any list or enter any number in the input fields and then continue to the next question Reflect in ePortfolio Activity Dtails 1 of 11 (0 complete) This Question: 40 pts On January 1, 2018, Doctors Credit Union (DCU) issued 7% , 20-year bonds payable with face value of $200,000. The Read the requirements c. Journalize the payment of interest and amortization on December 31, 2018 Debit Credit Accounts and Explanation Date 2018 Dec. 31 d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been re Credit Accounts and Explanation Debit Dato Choose from any list or enter any number in the input flelds and then continue to the next question This Question: 40 pts 1 of 11 (0 complete) On January 1, 2018, Doctors Credit Union (DCU) issued 7 % , 20- year bonds payable with face value of $200,000. The bonds pay interest on Junes Read the requirements on December 31, 2037, assuming the last interest payment has already been recorded d. Retirement of the bond at maturity Accounts and Explanation Date Debit Credit 2037 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. Reflect in ePortfolio Activity Details Requirements - X If the market interest rate is 5% when DCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain If the market interest rate is 8% when DCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. 3. 1. De 2. The issue price of the bonds is 93 Journalize the following bond transactions: January 1, 2018. Issuance of the bonds on a. b. Payment of interest and amortization on June 30, 2018 Payment of interest and amortization on d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded December 31, 2018 C. Done Print bel
