The Bradford Company issued 12% bonds, dated January 1, with a face amount of $99 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. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 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).

Req 1 Reg 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answers whole dollars.) Table values are based on: n = 20 Cash Flow Present Value 7.0% Amount 5,940,000 99,000,000 Interest $ $ $ Principal Price of bonds 84,421,676 49,754,023 134,175,699 $ 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 interest on June 30, 2021 (at the effective rate). Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 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 interest on December 31, 2021 (at the effective rate). Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021