Question: ER 14 6 Seved Help Save & Exit Submit Check my work Banjo Education Corp. issued a 4%, $120,000 bond that pays interest semiannually each



ER 14 6 Seved Help Save & Exit Submit Check my work Banjo Education Corp. issued a 4%, $120,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banio Education Corp.'s TABLE 14A1 and TABLE 14A 2. (For all the requirements, Use appropriate factor(s) from the tables provided.) boed Required: Preparation Component: 1. Calculate the issue price of the bond. (Round the final answer to the nearest whole dollar.) BOOK Issue price of the bond Print TER 14 Saved Help Save & Exit Submit Check my work 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.) Stipped View transaction list View journal entry worksheet No Debit Credit Date General Journal January 01, 2020 No Transaction Recorded Book 1 D MacBook Air po Skipped 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.) ebook Print Total bond interest expense Reference Check my work 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.) points Period Endine Period Ending Cash Interest Spoed Paid Period Interest Expense Discount Amort Unamortized Discount Carrying Value Jan 120 June 30/20 Dec 31/20 June 30/21 Des 31/21 MacBook Air
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