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The Bradford Company issued 14% bonds, dated January 1, with a face amount of $84 million on January 1,2024. - The bonds mature on December

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The Bradford Company issued 14\% bonds, dated January 1, with a face amount of $84 million on January 1,2024. - The bonds mature on December 31, 2033 (10 years) - For bonds of similar risk and maturity, the market yield is 16%. - Interest is paid semiannually on June 30 and December 31 Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2024, injerest on June 30. 2024 (at the effective rate) and interest on December 31,2024 (at the effective rate). Note: Use tables, Excel, or a finencial calculotor, (FV of \$1, PV of S1, EVA of S1. PVA of S1. EVAD of S1 and PVAD of S1) Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2024. Hote: Enter your answer in whole dollars. Journal entry worksheet Record the bond issuance by the Bradford Company. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2024, inter effective rate) and interest on December 31,2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No jou account field. Journal entry worksheet Record the interest on June 30,2024 (at the effective rate). Note: Enter debits before credits. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PV of \$1. FVA of \$1. PVA of \$1, FVAD of $1 and PV Complete this question by entering your answers in the tabs below. Prepare the journal entries to record their issuance by The Bradford Company on January 1, 2024, interest on June effective rate) and interest on December 31, 2024 (at the effective rate). Note: Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry account field. Journal entry worksheet Record the interest on December 31,2024 (at the effective rate). Noter Enter debits before credits

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