Question: I need clear numerical answers for this please E 14-7 Determine the price of bonds; issuance; straight- ice, straight. line method L014-2 Universal Foods issued

I need clear numerical answers for this please

E 14-7 Determine the price of bonds; issuance; straight- ice, straight. line method L014-2 Universal Foods issued 10% bonds, dated January 1, with a face amount of S150 million on January 1, 2018 TL bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 12. Internet paid semiannually on June 30 and December 31, Universal uses the straight-line method. Required: 1. Determine the price of the bonds at January 1, 2018 2. Prepare the journal entry to record their issuance by Universal Foods on January 1, 2018. 3. Prepare the journal entry to record interest on June 30, 2018 4. Prepare the journal entry to record interest on December 31, 2025. E 14- Issuar bonds intere

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