Question: Problem 14-2A Allocating bond interest and amortizing a bond discount LO4,5 B. Banjo Education Corp. issued a 4%, $100,000 bond that pays interest semiannually each

B. Banjo Education Corp. issued a 4%, $100,000 bond that pays interest

semiannually each June 30 and December 31. The date of issuance was

January 1, 2020. The bonds mature after four years. The market interest

rate was 6%. Banjo Education Corp.'s year-end is December 31. Use TABLE

Problem 14-2A Allocating bond interest and amortizing a bond discount LO4,5 B. Banjo Education Corp. issued a 4%, $100,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banjo Education Corp.'s year-end is December 31. Use TABLE 14A1 and TABLE 14A.2 (For all the requirements, Use appropriate factor(s) from the tables provided.) Required: Preparation Component: 1. Calculate the issue price of the bond. (Round the final answer to the nearest whole dollar.) ces Issue price of the bond 2. Prepare a general journal entry to record the issuance of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet

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