The Bradford Company issued 1296 bonds, dated January 1, with a face amount of $87 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 SD) (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). 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 answers whole dollars.) Table values are based on: = Cash Flow 7096 Amount Present Value Interes Pino al Pred bonds Reg 2 to 4 > 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 1 2 3 Record the bond issuance by the Bradford Company. Nota: Enter detilts bolore credits. Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal 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). Notteita debits before credit General Journal Date June 30, 2021 Record entry Clear enlay View general journal 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 E debit before it General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal
