When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $860,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
TABLE 3 Future Value of an ordinary Annuity of $1 FVA - (1 + i)" - 1 wi 1 2 3 4 5 1.0% 1.0000 2.0100 3.0301 4.0604 5.1010 1.5% 2.0% 1.000 1.0000 2.0150 2.0200 3.0452 3.0604 4.09094.1216 5.1523 5.2040 2.5% 1.0000 2.0250 3.0756 4.1525 5.2563 3.0% 1.000 2.0300 3.0909 4.1836 5.3091 3.5% 4.0% 4.5% 5.0% 1.000 1.0000 1.0000 1.0000 2.0350 2.0400 2.0450 2.0500 3.1062 3.1216 3.13703.1525 4.21494.2465 4.2782 4.3101 5.3625 5.41635.47075.5256 5.5% 6.0% 7.0% 8.0% 1.0000 1.0000 1.0000 1.0000 2.0550 2.0600 2.0700 2.0800 3.16803.1836 3.21493.2464 4.3423 4.3746 4.4399 4.5061 5.5811 5.63715.7507 5.8666 0.0% 1.0000 2.0900 3.2781 4.5731 5.9847 10.0% 1.0000 2.1000 3.3100 4.6410 6.1051 11.0% 12.0% 1.000 1.0000 2.1100 2.1200 3.3421 3.3744 4.70974.7793 6.2278 6.3528 20.0% 1.0000 2.2000 3.6400 5.3680 7.4416 6 7 8 9 10 6.1520 72135 8.2857 9.3685 10.4622 6.2296 6.3081 7.3230 7.4343 8.4328 8.5830 9.55939.7546 10.7027 10.9497 6.3877 7.5474 8.7361 9.9545 11.2034 6.4684 6.5502 7.66257.7794 8.89239.0517 10.1591 10.3685 11.4639 11.7314 6.6330 7.8983 9.2142 10.5828 12.0061 6.71696.80196.88816.9753 7.1533 8.0192 8.1420 8.26698.3938 8.6540 9.3800 9.5491 9.7216 9.8975 10.2598 10.8021 11.0266 11.2563 11.491311.9780 12.2882 12.577912.8754 13.1808 13.8164 7.33597.52337.7156 7.9129 8.9228 9.2004 9.48729.7833 10.6366 11.028511.4359 11.8594 12.4876 13.0210 13.5795 14.1640 14.4866 15.1929 15.9374 16.7220 8.1152 10.0890 12 2997 14.7757 17.5487 9.9299 12.9159 16.4991 20.7989 25.9587 11 11.5668 12 12.6825 13 13.8093 14 14.9474 15 16.0969 11.8633 13.0412 14.2368 15.4504 16.6821 12.1687 12.4835 13.4121 13.7956 14.6803 15.1404 15.9739 16.5190 17.2934 17.9319 12.8078 14.1920 15.6178 17.0863 18.5989 13.1420 14.6020 16.1130 17.6770 19.2957 13.4864 13.8412 15.0258 15.4640 16.6268 17.1599 18.291918.9321 20.0236 20.7841 14.2068 15.9171 17.7130 19.5986 21.5786 14.5835 16.3856 18.2868 20.2926 22.4087 14.9716 16.8699 18.8821 21.0151 23.2760 15.783616.6455 17.8885 18.9771 20.1406 21.4953 22.5505 24.2149 25.1290 27.1521 17.5603 18.5312 20.1407 21.3843 22.9534 24.5227 26.0192 27.9750 29.360931.7725 19.5614 22.7132 26.2116 30.0949 34.4054 20.6546 24.1331 28.0291 32.3926 37.2797 32.1504 39.5805 48.4966 59.1959 72.0351 16 17.2579 17.9324 18.639319.380220.1569 20.9710 21.8245 17 18.4304 19.2014 20.0121 20.8647 21.7616 22.7050 23.6975 18 19.6147 20.4894 21.4123 22.3863 23.4144 24.4997 25.6454 19 20.8109 21.7967 22.8406 23.9460 25.1169 26.3572 27.6712 20 22.0190 23.1237 24.2974 25.5447 26.8704 28.2797 29.7781 22.7193 23.6575 24.7417 25.8404 26.855128.1324 29.0636 30.5390 31.3714 33.0660 24.6411 26.9964 29.4812 32.1027 34.8683 25.6725 27.8881 28.212930.8402 30.9057 33.9990 33.7600 37.3790 36.7856 40.9955 30.3243 33.0034 33.7502 36.9737 37.450241.3013 41.4463 46.0185 45.7620 51.1601 35.9497 39.189942.7533 40.5447 44.5008 48.8837 45.599250.395955.7497 51.1591 56.9395 63.4397 57.2750 64.2028 72.0524 87.4421 105.9306 128.1167 154.7400 186.6880 21 23.2392 24.4705 25.7833 27.1833 28.676530.2695 31.9692 33.7831 30 34.7849 37.5387 40.5681 43.9027 47.5754 51.6227 56.084961.0071 40 48.8864 54.2679 60.4020 67.4026 75.4013 84.5503 95.0255 107.0303 35.7193 66.4388 120.7998 37.7861 72.4355 136.6056 39.9927 79.0582 154.7620 44.8652 50.4229 56.7645 94.4608 113.2832 136 3075 199.6351 259.0565337.8824 64.0025 164.4940 442.5926 72.2651 81.6987 225.0256 199.0209241.3327 1181.8816 581.8261 67.0914 7343.8578 TABLE 4 Present Value of an Ordinary Annuity of $1 1- (1+7) PVA = - Wi 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5,5% 6.0% 7.0% 8.0% 0.0% 0.0% 11.0% 12.0% 20.0% 1 2 3 4 5 0.99010 0.98522 1.97040 1.95588 2.940992.91220 3.90197 3.85438 4.853434.78264 0.98039 0.97561 1.94156 1.92742 2.88388 2.85602 3.807733.76197 4.71346 4.64583 0.97087 1.91347 2.82861 3.71710 4.57971 0.96618 0.96154 0.95694 1.899691.886091.87267 2.80164 2.77509 2.74896 3.67308 3.62990 3.58753 4.51505 4.45182 4.38998 0.95238 1.85941 2.72325 3.54595 4.32948 0.94787 1.84632 2.69793 3.50515 4.27028 0.94340 1.83339 2.67301 3.46511 4.21236 0.93458 1.80802 2.62432 3.38721 4.10020 0.92593 1.78326 2.57710 3.31213 3.99271 0.91743 0.90909 0.90090 0.89286 0.83333 1.75911 1.73554 1.71252 1.69005 1.52778 2.53129 2.48685 2.44371 2.40183 2.10648 3.23972 3.16987 3.10245 3.03735 2.58873 3.88965 3.79079 3.69590 3.60478 2.99061 6 5.79548 5.69719 5.60143 5.50813 5.41719 5.328555.24214 5.15787 5.07569 4.99553 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.32551 7 6.72819 6.59821 6.47199 6.349396.23028 6.11454 6.00205 5.89270 5.78637 5.68297 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 3.60459 8 9 10 7.65168 8.56602 9.47130 7.485937.32548 7.17014 8.36052 8.16224 7.97087 9.22218 8.982598.75206 7.01969 7.78611 8.53020 6.87396 6.73274 6.595896.46321 6.33457 6.20979 5.97130 7.607697.435337.26879 7.10782 6.95220 6.80169 6.51523 8.31661 8.11090 7.91272 7.721737.537637.360097.02358 5.74664 6.24689 6.71008 5.53482 5.33493 5.14612 4.96764 3.83716 5.99525 5.759025 .53705 5.32825 4.03097 6.41766 6.14457 5.88923 5.65022 4.19247 11 10.36763 10.07112 9.78685 9.51421 9.252629.00155 8.76048 8.52892 8.30641 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 4.32706 8.09254 8.61852 7.88687 8.38384 12 11.25508 10.90751 10.57534 10.25776 9.95400 9.66333 9.38507 9.11858 8.86325 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 4.43922 13 12.13374 11.73153 11.34837 10.98319 10.63496 10.30274 9.98565 9.682859.39357 9.11708 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 4.53268 14 15 13.00370 13.86505 12.54338 13.34323 12.10625 12.84926 11.69091 12.38138 11.29607 11.93794 10.92052 11.51741 10.56312 11.11839 10.22283 10.73955 9.89864 10.37966 9.58965 10.03758 9.294988.74547 9.712259.10791 8.24424 8.55948 7.78615 7.36669 6.98187 6.62817 4.61057 8.06069 7.60608 7.19087 6.81086 4.67547 16 17 14.71787 14.13126 15 56225 14.90765 13.57771 14 29187 13.05500 13.71220 12.56110 13.16612 12.09412 11.65230 12.65132 12.16567 11.23402 11.70719 10.83777 11.27407 10.46216 10.10590 10.86461 10.47726 9.446658.85137 9.76322 9.12164 8.31256 7.82371 7.37916 8.54363 8.02155 7.54879 6.97399 7.11963 4.72956 4.77463 18 19 20 16.39827 15.67256 17.22601 16.42617 18.04555 17.16864 14.99203 15.67846 16.35143 14.35336 14.97889 15.58916 13.75351 14.32380 14.87747 13.18968 13.70984 14.21240 12.65930 13.13394 13.59033 12.15999 12.59329 13.00794 11.68959 12.08532 12.46221 11.24607 11.60765 11.95038 10.82760 11.15812 11.46992 10.059099.371898.75563 8.20141 7.701627.24967 4.81219 10.33560 9.60360 8.95011 8.36492 7.839297.36578 4.84350 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 4.86958 21 18.85698 25 22.02316 30 25.80771 40 32.83469 17.90014 17.01121 20.71961 19.52346 24.01584 22.39646 29.91585 27.35548 16.18455 18.42438 20.93029 25.10278 15.41502 17.41315 19.60044 23.11477 14.69797 14.02916 16.48151 15.62208 18.39205 17.29203 21.35507 19.79277 13.40472 14.82821 16.28889 18.40158 12.82115 14.09394 15.37245 17.15909 12.27524 13.41393 14.53375 16.04612 11.76408 12.78336 13.76483 15.04630 10.83553 11.65358 12.40904 13.33171 10.01680 10.67478 11.25778 11.92461 9.29224 8.64869 8.07507 7.56200 4.89132 9.82258 9.07704 8.42174 7.84314 4.94759 10.27365 9.42691 8.69379 8.05518 4.97894 10.75736 9.77905 8.95105 8.24378 4.99660 TABLE 5 Future Value of an Annuity Due of $1 EVAD - ((1+)" - 11 T * (1+) 20.0% 1.2000 2.6400 2 w 1 2 3 4 5 1.0% 1.5% 1.0100 1.0150 2.0301 2.0452 3.0604 3.0909 4.1010 4.1523 5.15205.2296 2.0% 1.0200 2.0604 3.1216 4.2040 5.3081 2.5% 1.0250 2.0756 3.1525 4.2563 5.3877 3.0% 3.5% 4.0% 1.0300 1.0350 1.0400 2.0909 2.1062 2.1216 3.1836 3.21493.2465 4.3091 4.3625 4.4163 5.46845.5502 5.6330 4.5% 1.0450 2.1370 3.2782 4.4707 5.7169 5.0% 1.0500 2.1525 3.3101 4.5256 5.8019 5.5% 1.0550 .1680 3.3423 4.5811 5.8881 6.0% 7.0% 1.0600 1.0700 2.1836 2.2149 3.3746 3.4399 4.6371 4.7507 5.97536.1533 8.0% 9.0% 1.0800 1.0900 2.2464 2.2781 3.5061 3.5731 4.8666 4.9847 6.33596.5233 0.0% 1.1000 2.3100 3.6410 5.1051 11.0% 12.0% 1.1100 1.1200 2.3421 2.3744 3.7097 3.7793 5.2278 5.3528 6.91297.1152 4.3680 6.4416 8.9299 6.7156 11.9159 15.4991 6 7 8 9 10 6.2135 7.2857 8.3685 9.4622 10.5668 6.3230 7.4328 8.5593 9.7027 10.8633 6.4343 7.5830 8.7546 9.9497 11.1687 6.5474 7.7361 8.9545 10.2034 11.4835 6.6625 6.7794 7.8923 8.0517 9.1591 9.3685 10.4639 10.7314 11.807812.1420 6.8983 8.2142 9.5828 11.0061 12.4864 7.0192 8.3800 9.8021 11.2882 12.8412 7.1420 8.5491 10.0266 11.5779 13.2068 7.26697.39387.6540 8.7216 8.8975 9.2598 10.2563 10.4913 10.9780 11.8754 12.1808 12.8164 13.5835 13.9716 14.7836 7.9228 8.2004 9.6366 10.0285 11.4876 12.0210 13.4866 14.1929 15.6455 16.5603 8.48728.78339.0890 10.4359 10.8594 11.2997 12.5795 13.1640 13.7757 14.9374 15.7220 16.5487 17.5312 18.5614 19.6546 19.7989 24.9587 31.1504 11 12 13 14 15 11.6825 12.8093 13.9474 15.0969 16.2579 12.0412 12.4121 13.2368 13.6803 14.4504 14.9739 15.6821 16.2934 16.9324 17.6393 12.7956 13.1920 14.1404 14.6178 15.5190 16.0863 16.9319 17.5989 18.3802 19.1569 13.6020 15.1130 16.6770 18.2957 19.9710 14.0258 14.4640 15.6268 16.1599 17.291917.9321 19.0236 19.7841 20.8245 21.7193 14.9171 16.7130 18.5986 20.5786 22.6575 15.3856 17.2868 19.2926 21.4087 23.6411 15.869916.8885 17.8821 19.1406 20.0151 21.5505 22.2760 24.1290 24.6725 26.8881 17.9771 19.1407 20.495321.9534 23.2149 25.0192 26.1521 28.3609 29.3243 32.0034 20.3843 23.5227 26.9750 30.7725 34.9497 21.7132 25.2116 29.0949 33.4054 38.1899 23.1331 27.0291 31.3926 36.2797 41.7533 38.5805 47.4966 58.1959 71.0351 86.4421 16 17.4304 18.2014 17 18.6147 19.4894 18 19.8109 20.7967 19 21.0190 22.1237 20 22.2392 23.4705 19.0121 19.8647 20.7616 21.7050 22.6975 20.4123 21.3863 22.4144 23.4997 24.6454 21.8406 22.9460 24.1169 25.3572 26.6712 23.2974 24.5447 25.8704 27.2797 28.7781 24.7833 26.1833 27.6765 29.2695 30.9692 23.7417 25.8551 28.0636 30.3714 32.7831 24.8404 27.1324 29.5390 32.0660 34.7193 25.9964 27.2129 28.481229.9057 31.1027 32.7600 33.8683 35.7856 36.7861 38.9927 29.840232.7502 35.9737 32.9990 36.4502 40.3013 36.3790 40.4463 45.0185 39.9955 44.7620 50.1601 43.8652 49.422955.7645 39.5447 44.5992 50.1591 56.2750 63.0025 43.5008 49.3959 55.9395 63.2028 71.2651 47.8837 54.7497 62.4397 71.0524 80.6987 104.9306 127.1167 153.7400 185.6880 224.0256 21 23.4716 24.8376 26.2990 27.8629 29.5368 31.3289 33.2480 35.3034 25 28.5256 30.5140 32.6709 35.0117 37.5530 40.3131 43.3117 46.5706 30 35.1327 38.1018 41.3794 45.0003 49.0027 53.4295 58.328363.7524 40 49.3752 55.0819 61.6100 69.0876 77.6633 87.5095 98.8265 111.8467 37.5052 50.1135 69.7608 126.8398 39.8643 53.9660 76.4194 144. 1189 42.3923 58.1564 83.8017 164.0477 48.0057 67.6765 101.0730 213.6096 54.4568 61.8733 78.9544 92.3240 122.3459 148.5752 279.7810 368.2919 70.4027 108.1818 180.9434 486.8518 80.2143 91.5026 126.9988 149.3339 220.9132 270.2926 645.8269 859.1424 270.0307 566.3773 1418.2579 8812.6294 TABLE 6 Present Value of an Annuity Due of $1 1- (177" *(1+i) PVAD = ; *(1+1) w 1 2 3 4 5 1.0% 1.00000 1.99010 2.97040 3.94099 4.90197 1.5% 1.00000 1.98522 2.95588 3.91220 4.85438 2.0% 2.5% 1.00000 1.00000 1.980391.97561 2.94156 2.92742 3.88388 3.85602 4.80773 4.76197 3.0% 1.00000 1.97087 2.91347 3.82861 4.71710 3.5% 4.0% 4.5% 1.00000 1.00000 1.00000 1.96618 1.96154 195694 2.899692.886092.87267 3.80164 3.77509 3.74896 4.67308 4.62990 4.58753 5.0% 1.00000 1.95238 2.85941 3.72325 4.54595 5.5% 1.00000 1.94787 2.84632 3.69793 4.50515 6.0% 7.0% 1.000001.00000 1.94340 1.93458 2.833392.80802 3.67301 3.62432 4.46511 4.38721 8.0% 1.00000 1.92593 2.78326 3.57710 4.31213 9.0% 1.00000 191743 2.75911 3.53129 4.23972 0.0% 1.00000 1.90909 2.73554 3.48685 4.16987 11.0% 12.0% 20.0% 1.00000 1.00000 1.00000 1.90090 1.89286 1.83333 2.71252 2.69005 2.52778 3.44371 3.40183 3.10648 4.10245 4.03735 3.58873 6 7 8 9 10 5.85343 5.78264 6.79548 6.69719 7.728197.59821 8.65168 8.48593 9.566029.36052 5.71346 5.64583 5.57971 5.51505 5.45182 6.60143 6.50813 6.417196.32855 6.24214 7.471997.349397.23028 7.11454 7.00205 8.32548 8.17014 8.01969 7.87396 7.73274 9.16224 8.97087 8.78611 8.607698.43533 5.38998 5.32948 6.157876.07569 6.89270 6.78637 7.59589 7.46321 8.26879 8.10782 5.27028 5.99553 6.68297 733457 7.95220 5.21236 5.10020 4.99271 4.88965 5.91732 5.766545.62288 5.48592 6.58238 6.389296.20637 6.03295 7.209796.97130 6.74664 6.53482 7.801697.51523 7.246896.99525 4.79079 4.69590 4.60478 3.99061 5.35526 5.23054 5.11141 4.32551 5.868425 .71220 5.56376 4.60459 6.33493 6.14612 5.96764 4.83716 6.75902 6.53705 6.328255 .03097 11 10.47130 10.22218 9.98259 9.75206 9.53020 9.31661 9.110908.91272 8.721738.537638.36009 8.88687 12 11.36763 13 12.25508 14 13.13374 15 14.00370 11.07112 11.90751 12.73153 13.54338 10.78685 11.57534 12.34837 13.10625 10.51421 11.25776 11.98318 12.69091 10.25262 10.95400 11.63496 12.29607 10.00155 9.76048 10.66333 10.38507 11.30274 10.98565 11.92052 11.56312 9.52892 10.11858 10.68285 11.22283 9.306419.09254 9.86325 9.61852 10.39357 10.11708 10.89864 10.58965 9.38384 9.85268 10.29498 8.02358 7.71008 8.49867 8.13896 8.942698.53608 9.357658.90378 9.74547 9.24424 7.41766 7.80519 8.16073 8.48690 8.78615 7.14457 6.88923 6.650225.19247 7.49506 720652 6.93770 5.32706 7.81369 7.49236 7.19437 5.43922 8.10336 7.74987 7.42355 5.53268 8.36669798187 7.62817 5.61057 16 17 18 19 20 14.86505 14.34323 15.71787 15.13126 16.56225 15.90765 17.39827 16.67256 18.22601 17.42617 13.84926 14.57771 15.29187 15.99203 16.67846 13.38138 14.05500 14.71220 15.35336 15.97889 12.93794 13.56110 14.16612 14.75351 15.32380 12.51741 12.11839 11.73955 11.37966 13.09412 12.65230 12.23402 11.83777 13.65132 13.16567 12.70719 12.27407 14.18968 13.65930 13.15999 12.68959 14.70984 14.13394 13.59329 13.08532 11.03758 10.71225 11.46216 11.10590 11.86461 11.47726 12.24607 11.82760 12.60765 12.15812 10.10791 9.55948 9.060698.60608 8.19087 7.81086 5.67547 10.44665 9.851379.31256 8.82371 8.37916 7.973995.72956 10.76322 10.12164 9.54363 9.02155 8.54879 8.11963 5.77463 11.05909 10.371899.75563 9.20141 8.70162 8.24967 5.81219 11.33560 10.60360 9.95011 9.36492 8.83929 8.36578 5.84350 21 19.04555 18.16864 17.35143 16.58916 15.87747 15.21240 14.59033 14.00794 13.46221 12.95038 12.46992 11.59401 10.81815 10.12855 9.51356 8.96333 8.46944 5.86958 25 30 40 22.24339 21.03041 19.91393 18.88499 17.93554 17.05837 26.06579 24.37608 22.84438 21.45355 20.18845 19.03577 33.16303 30.36458 27.90259 25.73034 23.80822 22.10250 16.24696 15.49548 17.98371 17.02189 20.58448 19.22966 14.79864 16.14107 18.01704 14.15170 15.33310 16.92866 13.55036 14.59072 15.94907 12.46933 13.27767 14.26493 11.52876 12.15841 12.87858 10.70661 11.19828 11.72552 9.98474 10.36961 10.75696 9.34814 8.78432 5.93710 9.65011 9.02181 5.97472 9.93567 9.23303 5.99592 When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $860,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $19 (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record their issuance by Patey on January 1, 2021. 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, 2021. 5. What is the amount related to the bonds that Patey will report in its balance sheet at December 31, 2021? 6. What is the amount related to the bonds that Patey will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) 7. Prepare the appropriate journal entries at maturity on December 31, 2024. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4 Req 5 and 6 Req 7 Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollar.) Table values are based on: n = % Amount Present Value Cash Flow Interest Principal Price of bonds Req 1 Req 2 Req3 Reg 4 Req 5 and 6 Req 7 Prepare the journal entry to record their issuance by Patey on January 1, 2021. (If no entry is required for a transact "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest View transaction list Journal entry worksheet Record the issuance of the bonds on January 1, 2021. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Req 1 Req 2 Req3 Req 4 Req 5 and 6 Req 7 Prepare an amortization schedule that determines interest at the effective rate each period. (Round intermediate calcul and final answers to the nearest whole dollar.) Semiannual Interest Period-End Cash Interest Bond Interest Expense Discount Amortization Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 06/30/2024 12/31/2024 Total Req 1 Req 2 Req3 Req 4 Req 5 and 6 Req 7 Prepare the journal entry to record interest on June 30, 2021. (If no entry is required for a transaction/event, select "N required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the interest expense on June 30, 2021. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 Record entry Clear entry View general journal Req 1 Req 2 Req3 Req 4 Req 5 and 6 Req 7 What is the amount(s) related to the bonds that Patey will report in its balance sheet at December 31, 2021 and incom statement for the year ended December 31, 2021? (Ignore income taxes.) (Round intermediate calculations and final al co the nearest whole dollar.) December 31, 2021 book value Interest expense for 2021
