Question: 6 Please help with this question TABLE 14A.1 Present Value of 1 Due in ( n ) Periods 5. Present the journal entries Banjo would
6 Please help with this question





TABLE 14A.1 Present Value of 1 Due in \\( n \\) Periods 5. Present the journal entries Banjo would make to record the first two interest payments. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 3. Determine the total bond interest expense that will be recognized over the life of these bonds. (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) 4. Prepare the first two years of an amortization table based on the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) TABLE 14A.2 Present Value of an Annulty of 1 Period Banjo Education Corp. issued a \4 bond that pays interest semiannually each June 30 and December 31 . The date of issuance was January 1, 2023. The bonds mature after four years. The market interest rate was \6. Banjo Education Corp.'s year-end is December 31. Use TABLE 14A.1 and TABLE 14A.2. (For all the requirements, Use appropriate factor(s) from the tables provided.) Required: Preparation Component: 1. Calculate the issue price of the bond. (Round the final answer to the nearest whole dollar.) 2. Prepare a general journal entry to record the issuance of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)
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