Question 1-Test 1 Chapter 14- x Project ACC 275-Google Drive XM McGraw Hi-Login x Class ACC 101-FA19-ckman x tomheducation.com/ext/map/index.html?_con-con&external browser 08launchuri-http%253A%252F%252Fims.mheducation.com%252Fmghmiddleware280 Test Chapter 14 Saved On January 1, 2021, Bishop Company issued 10% bonds dated January 1, 2021, with a face amount of $19.6 million. The bonds mature in 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%, Interest is paid semiannually on June 30 and December 31. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations to the nearest whole dollar.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2021. 3. Prepare the journal entry to record interest on June 30, 2021, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2021, using the effective interest method Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Required 4 Determine the price of the bonds at January 1, 2021. Band value S 17.351 802 Required 2 >> >>