Question: Please Please complete in SHEET format!!! My friends will all upvote!! thank youuu! Frenza bond Carrying value :Jan 1 , year 1 : 1 0
Please Please complete in SHEET format!!! My friends will all upvote!! thank youuu! Frenza bond Carrying value :Jan
year
:
June
year
:
December
year
:
June
year
:
December
year
:
June
year
:
December
year
:
Cash & inventory for competing companies:
Frenza cash:
Frenza inventory:
Lika cash:
Lika inventory:
Nelo cash:
Nelo inventory:
Market rate for company bonds:
Frenza:
Lika:
Nelo:
Net income
Frenza :
Lika:
Nelo:
Total equity:
Frenza:
Lika:
Nelo:
The founder of Frenza asks us to help her in accounting and analysis of her corporations bonds, which have an annual contract rate of
Record the issuance of the bonds on January
year
Record the semiannual interest payment and amortization on June
year
Record the semiannual interest payment and amortization on December
year
Record the payment of bonds at the maturity date,December
year
Assume semiannual interest is already recorded
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