Question: Need help with part 2 & 3. (added part 1 answers) I am struggling with the equations for these; can i get a breakdown? Coney



Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Problem 9-7A Part 1 Required: 1. The market interest rate is 7% and the bonds issue at face amount. (FV of $1. PV of $1. FVA of $1, and PVA of $1 (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Answer is complete and correct. Issue price 1,200,000 Answer is complete and correct. Change in Carrying Value Interest Expense Carrying Value Date Cash Paid 1,200,000 1/1/2021 1,200,000 42,000 42,000 6/30/2021 42,000 0 1,200,000 12/31/2021 42,000 [The following information applies to the questions displayed below] Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Problem 9-7A Part 2 2. The market interest rate is 8% and the bonds issue at e discount (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Issue price Change in Carrying Value Interest Expense Carrying Value Date Cash Paid 1/1/2021 48,000$ 1,200,000 S 30 6/30/2021 12/31/2021 Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Problem 9-7A Part 3 3. The market interest rate is 6% and the bonds issue at a premium. (EV of $1, PV of $1, FVA of $1, and PVA of $1) (Us appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to neares whole dollar.) Issue price Interest Change in Carrying Value Cash Paid Carrying Value Date Expense 1/1/2021 6/30/2021 12/31/2021
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