The Bradford Company issued 14% bonds dated January 1, with a face amount of $84 million on January 1, 2021. The bonds mature on December 31, 2030 (16 years). For bonds of similar risk and maturity, the market yield is 16% Interest is paid semiannually on June 30 and December 31. (Ey of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $i and PVAD of $1 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! Reg 2 to 4 Determine the price of the bonds at January 1, 2021. (Enter your answer whole dollars.) Price of bonds He Reg 2 to 4 > The Bradford Company issued 14% bonds, dated January 1, with a face amount of $84 million on January 1, 2021. The bonds mature on December 31 , 2030 10 years. For bonds of similar nok and maturity, the market yield is 16%. Interest is paid semiannually on June 30 and December 31, VP of $1. FVA $1. PVA of $1. FVAD of $1 and PVAD of $1 Required: 1. Determine the price of the bonds at January 1, 2021 2 to 4. Prepare the Journal entries to record their acuance 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. Red Reg 21 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 count field.) View transaction Journal entry worksheet 2 3 Record the bond wance by the Bradford Company internet Date General Journal Debit Credit January 01, 2021 Record entry Clowntry The Bradford Company issued 14% bonds, dated January 1, with a face amount of $84 million on January 1 2022. The bonds mature on December 31, 2030 10 years). For bonds of similar risk and maturity, the market yield is 16%. Interest is paid semiannually on June 30 and December 31. (FV of S.PV of $1. FVA SI PVA of S1, FVAD of $i and PVAD of $1 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 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 dolant. If no entry is required for a transaction event, select "No journal entry required in the first account field) View transaction Journal entry worksheet
