*Dashboard M Question 1 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 14 Excel i Saved Help Save & Exit Submit Check my work On January 1, 2024, Instaform, Incorporated, issued 10% bonds with a face amount of $53 million, dated January 1. . The bonds mature in 2043 (20 years). 7.5 The market yield for bonds of similar risk and maturity is 12%. points Interest is paid semiannually. Required: 1-a. Determine the price of the bonds at January 1, 2024. Book 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, References prepare the journal entry to record the purchase by Broadcourt. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Determine the price of the bonds at January 1, 2024. Note: Enter your answer in whole dollars. Price of the bonds Req 1A Req 1B > Mc 45OF Q Search ENG ( 0 9:16 PM Clear 2/9/2024*Dashboard M Question 1 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 14 Excel i Saved Help Save & Exit Submit Check my work On January 1, 2024, Instaform, Incorporated, issued 10% bonds with a face amount of $53 million, dated January 1. . The bonds mature in 2043 (20 years). 7.5 The market yield for bonds of similar risk and maturity is 12%. points Interest is paid semiannually. Required: 1-a. Determine the price of the bonds at January 1, 2024. Book 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, References prepare the journal entry to record the purchase by Broadcourt. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Prepare the journal entry to record their issuance by Instaform. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list Journal entry worksheet 45OF Q Search ENG ( 0 9:16 PM Clear 2/9/2024*Dashboard M Question 1 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 14 Excel i Saved Help Save & Exit Submit Check my work On January 1, 2024, Instaform, Incorporated, issued 10% bonds with a face amount of $53 million, dated January 1. . The bonds mature in 2043 (20 years). 7.5 The market yield for bonds of similar risk and maturity is 12%. points Interest is paid semiannually. Required: 1-a. Determine the price of the bonds at January 1, 2024. Book 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, References prepare the journal entry to record the purchase by Broadcourt. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. Note: Enter your answer in whole dollars. Price of the bonds Mc 45OF ENG ( 0 9:16 PM Clear Q Search 2/9/2024*Dashboard M Question 1 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 14 Excel i Saved Help Save & Exit Submit Check my work On January 1, 2024, Instaform, Incorporated, issued 10% bonds with a face amount of $53 million, dated January 1. . The bonds mature in 2043 (20 years). 7.5 The market yield for bonds of similar risk and maturity is 12%. points Interest is paid semiannually. Required: 1-a. Determine the price of the bonds at January 1, 2024. Book 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, References prepare the journal entry to record the purchase by Broadcourt. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list Journal entry worksheet 45OF Q Search 9:16 PM Clear ENG ( 0 2/9/2024*Dashboard M Question 1 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 14 Excel i Saved Help Save & Exit Submit Check my work On January 1, 2024, Instaform, Incorporated, issued 10% bonds with a face amount of $53 million, dated January 1. . The bonds mature in 2043 (20 years). 7.5 The market yield for bonds of similar risk and maturity is 12%. points Interest is paid semiannually. Required: 1-a. Determine the price of the bonds at January 1, 2024. Book 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2024. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, References prepare the journal entry to record the purchase by Broadcourt. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Req 3 Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Show lessA View transaction list Journal entry worksheet Record the purchase of bonds by Broadcourt. Note: Enter debits before credits. Event General Journal Debit Credit Mc 45OF Clear Q Search ENG ( 0 9:16 PM 2/9/2024*Dashboard M Question 2 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Chapter 14 Excel i Saved Help Save & Exit Submit Check my work 2 On January 1, 2024, Reyes Recreational Products issued $120,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $116,122 to yield an annual return of 10%. 7.5 Required: points 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, 2026, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2026, for $12,000 of the Book bonds? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) References 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. Note: Enter your answers in whole dollars. Payment Cash Effective Number Payment Interest Increase in Carrying Value Balance 2 3 4 5 6 7 8 Totals Mc 45OF Q Search ENG ( 0 9:16 PM Clear O 2/9/2024X | BE Mail - Eihab El- Chapter 14 Excel @ Save Help Save&Exit Submit 2 75 Required: points 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, 2026, by each of the two approaches On January 1, 2024, Reyes Recreational Products issued $120,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $116,122 to yield an annual return of 10% u 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2026, for $12,000 of the Boox bonds? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule by the straight-line method. Note: Do not round intermediate calculations. Enter your answers in whole dollars. Payment| _ Cash Recorded | Increase in : Number | Payment Interest Balance | Carrying Value 916 PM a IS 2/9/2024 = X | BE Mail - Eihab El- Chapter 14 Excel @ Save Help Save&Exit Submit 2 75 Required: points 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, 2026, by each of the two approaches E 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2026, for $12,000 of the oc bonds? Note: Use tables, Excel, or a financial calculator. (EV of $1, PV of $1, EVA of $1, PVA of $1, EVAD of $1and PVAD of $1) On January 1, 2024, Reyes Recreational Products issued $120,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $116,122 to yield an annual return of 10%. eBook D References Complete this question by entering your answers in the tabs below. Required 1 | Required 2 Required 3 | Required 5 Prepare the journal entries to record interest expense on June 30, 2026, by each of the two approaches. Note: If no entry is required for a transaction/event, select "No journal entry required\" in the first account field. Enter your answers in whole dollars. TN Y Journal entry worksheet '' 2 > Record interest expense on June 30, 2026, by the effective interest method. Note: Enter debits before credits. General Journal == @ 9:16 PM Q Search a 2/9/2024 = *Dashboard M Question 2 - Chapter 14 E X Bond Issue Price Calculati C chegg.com/homework-he x 9New Tab X Mail - Eihab El-Azazy - Ou X X go https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti.. Chapter 14 Excel i Saved Help Save & Exit Submit Check my work 2 On January 1, 2024, Reyes Recreational Products issued $120,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $116,122 to yield an annual return of 10%. 7.5 Required: points 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, 2026, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2026, for $12,000 of the Book bonds? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 5 Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2026, for $12,000 of the bonds? Note: Round your intermediate calculations and final answer to the nearest whole dollar. Price of the bonds Mc 45OF Q Search ENG ( 0 9:16 PM Clear 2/9/2024