Question: please dont answer if you are not going to answer all of my questions. Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of


Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $59,000 for $67,070 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations and final answers to the nearest whole dollar amount.) No Credit Answer is not complete. Date General Journal January 01, 2021 Cash Premium on Bonds Payable Bonds Payable Debit 67,070 1 8,070 59,000 2 June 30, 2021 Interest Expense Premium on Bonds Payable Cash OOO 202 1,475 On January 1, 2021, Lizzy's Lemonade Issues 6%, 10-year bonds with a face amount of $83,000 for $77,102, priced to yield 7%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.) Interest expense Ultimate Butter Popcorn issues 5%, 10-year bonds with a face amount of $55,000. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price will the bonds Issue? (FV of $1. PV of S1. FVA of $1, and PVA of S1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round Market interest rate" to 1 decimal place.) Amount $ 55.000 Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price
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