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this is one question please answer all parts On January 1, 2021, Bradley Recreational Products issued $130,000, 9%, four-year bonds. Interest is paid semiannually on
this is one question please answer all parts
On January 1, 2021, Bradley Recreational Products issued $130,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $125,799 to yield an annual return of 10%. ( EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record Interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $13,000 of the bonds? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule that determines interest at the effective interest rate. (Enter your answers in whole dollars.) Increase in Cash Payment Number Payment Effective Interest. Carrying Value Balance 1 2 3 4 Required 1 Required 2 Required 3 Required 51 Prepare an amortization schedule by the straight-line method. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Recorded Interest Increase in Balance Carrying Value 1 2 3 4 5 6 7 8 Totals Journal entry worksheet Step by Step Solution
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