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Whats due: Required 1 2 3 5 al Metro by T-Mobile 8:41 PM 1 0 AA a ezto.mheducation.com C connect cancel print 2. Award: 25.00

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al Metro by T-Mobile 8:41 PM 1 0 AA a ezto.mheducation.com C connect cancel print 2. Award: 25.00 points On January 1, 2021, Bradley Recreational Products issued $150,000, 9%, four- year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $136,028 to yield an annual return of 12%. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD 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 12%, what price would a second investor pay the first investor on June 30, 2023, for $18,000 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.) Payment Cash Payment Effective Increase in Number Interest Balance Carrying Value 1 2 3 4 6 7 8 Totals $ o $ o $ 0 References General Journal Difficulty: 3 Hard Learning Objective: 14-02 Account for bonds issued at face value, at a discount, or at a premium, recording interest using the effective interest method or using the straight-line method

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