Question: Question is timed! Please answer fully! thanks here is the bond info thank you Waldron coporation issued $750,000 of 16% 10 year bond payable on



- Requirements hr 1. Using the PV function in Excel, calculate the issue price of the bonds. 2. Prepare an effective interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar. 3. Record Waldron Corporation's issuance of the bonds on January 1, 2022, and payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2022. Explanations are not required. PI md Record the payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2022. Journal Entry Date Accounts Debit Credit Jun 30 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is 2. Prepare an effective-interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar. Premium Semiannual Interest Premium Interest Payment Account Bond Carrying Amount Interest Date Expense Amortization Balance Jan 1, 2022 Jun 30, 2022 Dec 31, 2022 Jun 30, 2023 3. Record Waldron Corporation's issuance of the bonds on January 1, 2022 and payment of the first semiannual rest amount and amortization of the bond premium on June 30,2022. Explan debits first, then credits. Exclude explanations from any oumaines Start by recording the issuance of bonds on January 1, 2022 Journal Entry Date Accounts Debit Credit Jan 1 W378610 years belary 1 2012 Theme of the bond part 30 december Cuptown Reader - Requirements hr 1. Using the PV function in Excel, calculate the issue price of the bonds. 2. Prepare an effective interest amortization table for the bonds through the first three interest payments. Round amounts to the nearest dollar. 3. Record Waldron Corporation's issuance of the bonds on January 1, 2022, and payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2022. Explanations are not required. PI md Record the payment of the first semiannual interest amount and amortization of the bond premium on June 30, 2022. Journal Entry Date Accounts Debit Credit Jun 30 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is 2. Prepare an effective-interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar. Premium Semiannual Interest Premium Interest Payment Account Bond Carrying Amount Interest Date Expense Amortization Balance Jan 1, 2022 Jun 30, 2022 Dec 31, 2022 Jun 30, 2023 3. Record Waldron Corporation's issuance of the bonds on January 1, 2022 and payment of the first semiannual rest amount and amortization of the bond premium on June 30,2022. Explan debits first, then credits. Exclude explanations from any oumaines Start by recording the issuance of bonds on January 1, 2022 Journal Entry Date Accounts Debit Credit Jan 1 W378610 years belary 1 2012 Theme of the bond part 30 december Cuptown Reader
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
