Question: please do all parts to this one question and be organized and neat and will upvote. thank you Exercise 14-7 (Static) Determine the price of

 please do all parts to this one question and be organized

and neat and will upvote. thank you Exercise 14-7 (Static) Determine the

price of bonds; issuance; straight-line method [LO14-2] Universal Foods issued 10\% bonds,

dated January 1, with a face amount of $150 million on January

please do all parts to this one question and be organized and neat and will upvote. thank you

Exercise 14-7 (Static) Determine the price of bonds; issuance; straight-line method [LO14-2] Universal Foods issued 10\% bonds, dated January 1, with a face amount of $150 million on January 1, 2024. - The bonds mature on December 31,2038 (15 years). - The market rate of interest for similar issues was 12%. - Interest is paid semiannually on June 30 and December 31. - Universal uses the straight-line method. Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2024 , interest on June 30 , 2024 and interest on December 31,2031. 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 ) Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2024. Note: Round your final answer. to the nearest whole dollars. Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2024 , interest on June 30 , 2024 and interest on December 31, 2031. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1,FVA of $1,PVA of $1,EVAD of $1 and PVAD of $1 ) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record their issuance by Universal Foods on January 1, 2024, interest on June 30,2024 and inter December 31, 2031. Note: Round your final answers to the nearest whole dollars. If no entry is required for a transaction/event, select "No journal e required" in the first account field. Journal entry worksheet Record the issuance of the bond on January 1,2024. Note: Enter debits before credits. Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2024 , interest on June 30 , 2024 and interest on December 31, 2031. 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 ) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record their issuance by Universal Foods on January 1, 2024, interest on June 30,2024 and inter December 31, 2031. Note: Round your final answers to the nearest whole dollars. If no entry is required for a transaction/event, select "No journal e required" in the first account field. Journal entry worksheet Required: 1. Determine the price of the bonds at January 1,2024. 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1,2024 , interest on June 30,2024 and interest on December 31, 2031. 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 ) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record their issuance by Universal Foods on January 1, 2024, interest on June 30,2024 and interest on December 31, 2031. Note: Round your final answers to the nearest whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Show lessi a

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