to do : Required 3, 4 & 5

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Retur National Orthopedics Co. issued 8 % bonds, dated January 1, with a face amount of $450,000 on January 1, 2018. The bonds mature on December 31, 2021 (4 years). For bonds of similar risk and maturity the market yield was 10 % . Interest is paid semiannually on June 30 and December 31. (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.) 10 points Required: 1. Determine the price of the bonds at January 1, 2018. 2. Prepare the journal entry to record their issuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. Prepare the appropriate journal entries at maturity on December 31, 2021. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare an amortization schedule that determines interest at the effective rate each period. (Round final answers to the nearest whole dollar.) Semiannual interest Period-End Discount Amortization Carrying Value Bond Interest Cash Interest Expense 01/01/2018 06/30/2018 12/31/2018 2. Prepare the journal entry to recora their issuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. Prepare the appropriate journal entries at maturity on December 31, 2021. 10 points Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare an amortization schedule that determines interest at the effective rate each period. (Round final answers to the nearest whole dollar.) Semiannual Cash Interest Bond Interest Expense Discount Amortization Carrying Value Interest Period-End 01/01/2018 06/30/2018 12/31/2018 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Total Required 2 Required 4 Mc Graw Hill 6 of 13 Prev Next> 2. Prepare the journal entry to record their iSsuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. Prepare the appropriate journal entries at maturity on December 31, 2021. 10 points Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Reauired 4 Required 5 Prepare the journal entry to record interest on June 30, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar.) No Date General Journal Debit Credit 1 June 30, 2018 Interest expense 18,000 Cash 18,000 Required 3 Required 5 Prev 6 of 13 Next > Return to q 2. Prepare the journal entry to record their issuance by National on January 1, 2018. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. Prepare the appropriate journal entries at maturity on December 31, 2021. 10 points Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Requireds Prepare the appropriate journal entries at maturity on December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar.) No Date General Journal Debit Credit December 31, 202 Interest expense 18,000 1 Bonds payable 450,000 468.000 Cash Required 4 Mc Graw