The Bradford Company issued 12% bonds, dated January 1, with a face amount of $81 million on January 1, 2021 The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semiannually on June 30 and December 31. (Ey of $1. PV of $1. EVA of S. PVA of $1.EVAD of S1 and PVAD of S1) Required: 1. Determine the price of the bonds at January 1, 2021 2. to 4. Prepare the journal entries to record their Issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answer whole dollars.) Price of bonds Reg 2 to 45 2. to 4. Prepare the journal entries to record their Issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 4 Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, Interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the bond issuance by the fadford Company. Debit Credit Note: Enter debits before credits Date General Journal January 01, 2021 Cash Discount on bonds payable Bonds payable Record entry Clear entry View general Journal Prey 1 of 10 !!! Next > homework quonds and Long Term Notes) 1 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). Complete this question by entering your answers in the tabs below. Req! Reg 2 to 4 ook Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction event select "No journal entry required in the first account field) View transactional Journal entry worksheet Mette 2 > Record the interest on June 30, 2021 (at the effective rate). Enter debitore credit Debat Crec June 30, 2021 General Journal interest Expense Cash Discount on bonds payable Recondary Clear entry Viewer journal 1 2. to 4. Prepare the journal entries to record their Issuance by The Bradford Company on January 1, 2021, Interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). 10 points Complete this question by entering your answers in the tabs below. Reg1 Reg 2 to 4 Book Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2021, Interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Hint View transaction ist Print Journal entry worksheet References > Record the interest on December 31, 2021 (at the effective rate). Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Interest expense Cash Discount on bonds payable Record entry Clear entry View general Journal ME SA Hill Prey 1 of 10 !! Next >
