Question: I just need req 4 cromly and req 4 barnwell. July 31 and January 31. Barnwell Industries acquired $90,000 of the bonds as a long-term


July 31 and January 31. Barnwell Industries acquired $90,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that indicate Cromley's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2021. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2023. Complete this question by entering your answers in the tabs below. Req 1 Reg 24 Reg 28 Reg 3 Reg 4 Cromley Req 4 Bamwell Prepare the journal entries by Cromley to record all subsequent events related to the bonds through January 31, 2023, (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations, Enter your answers in whole dollars.) Check my work ha Keq 2A Req 28 Req 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by Cromley to record all subsequent events related to the bonds through January 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the payment of interest for Cromley Company. Note: Enter debits before credits. Date General Journal July 31, 2021 2 4 POFRE C aw Book POK erences Reg 1 Reg 2A Reg 201 Req 3 Req 4 Cromley Reg 4 Barnwell Prepare the journal entries by Barnwell to record all subsequent events related to the bonds through January 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Check my work
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