Question: please help! i have been at this for so long When Patey fontoons issued 68 bonds on Januaty 1,2024 , with a face amount of

please help! i have been at this for so long

When Patey fontoons issued 68 bonds on Januaty 1,2024 , with a face amount of $600,000, the market yleld for bonds of simllar risk and matuoty was 75 . The bonds mature December 31, 2027 (A years) interest is pald semiannually on Jurne 30 and Decembor 31 Required: 1. Determine the price of the bonds at Janiony 1,2024 2. Prepare the journal entry to record thelr itruance by Patey on January 1, 2024. 4. Prepare the pund enty to record interest on Juhe 30,2024 5. What at the amountrelathd to the bonds that Patey wir ieport in its balance sheet at December 31,2024 ? 5. What is the arnoum retared to the bonds that Patey witreport in its income statement for the year ended December 31, 2024? (lenore incone taxes) 7. Prepare the appropnate joumal entries at matifity on December 31, 2027 Complete this question by entering your answers in the tabs below. Detriptine the prise of the bonds at January 1,2024

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