What is the answer for group 4?

TAKE HOME BOND QUESTION GROUP GROUP GROUP GROUP GROUP GROUP GROUP GROUP On January 1, 2016, House of Cards, Inc. Issured 10% bonds dated January 1, 2016. The face value of the bonds was The bonds mature in 20 years. For bonds of similar maturity and market rute, the market yield is Interest is paid semi-annually June 30 8 December 31, Company uses the effective interest method 50,000,000 50,000,000 50,000,000 50,000,000 50.000.000 50,000,000 0. 000 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% Yes Yes Yes Yes Yes Yes Yes 50.000.000 1.00% Question 1: Determine issue price of the bonds at January 1, 2016. Question 2: Prepare the journal entry to record the bond issuance. Question 3: Prepare the journal entry for the first payment at June 30, 2016. 102 103 104 105 106 107 108 109 Question 4: Prepare the journal entry if the bonds were sold on December 31, 2016 at a price of: ANSWER SHEET FOR BOND QUESTION NAME GROUP Issue Price: Entry: January 1, 2016: Entry at June 30, 2016: DR. Entry at December 31, 2016