Question: please help with the parts i got wrong ( Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare

please help with the parts i got wrong

complete. Complete this question by entering your answers in the tabs below.

Prepare the journal entries to record (a) their issuance by McWherter and

(b) Blanton's investment on January 1, 2024. Note: If no entry is

( Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record (a) their issuance by McWherter and (b) Blanton's investment on January 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on June 30, 2024 (at the effective rate). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars. McWherter Instruments sold $500 million of 8% bonds, dated January 1 , on January 1,2024. - The bonds mature on December 31, 2043 (20 years). - For bonds of similar risk and maturity, the market yield was 10%. - Interest is paid semiannually on June 30 and December 31. - Blanton Technologies, Incorporated, purchased $500,000 of the bonds as a long-term investment. Required: 1. Determine the price of the bonds issued on January 1,2024. 2. Prepare the journal entries to record (a) their issuance by McWherter and (b) Blanton's investment on January 1,2024. 3. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on June 30, 2024 (at the effective rate). 4. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on December 31, 2024 (at the effective rate). 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) * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entries by (a) McWherter and (b) Blanton to record interest on December 31, 2024 (at the effectivi rate). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars

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