uutation.LUNUIOW/Conhect.html Chapter 14 Saved Help Save & Exit Submit Check my work 11 On February 1, 2018, Cromie on January 31, 2022 (4 years). The market yleld for bonds of similar risk and maturity was 8 %. Interest is paid semiannualy on July 31 and January 31, Barnwell Industries acquired $55,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (FV 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.) Motor Products issued 6 % bonds, dated February 1, with a face amount of $55 milion. The bonds mature 10 points Skipped Required: 1. Determine the price of the bonds issued on February 1, 2018. 2-a. Prepare amortization schedules that indicate Cromley's effective interest expense for each interest period during the term to maturity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. eBook Print Complete this question by entering your answers in the tabs below. References Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the firsst account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 1 2 3 6 Record the payment of interest for Cromiey Company. 11 IOuny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 28 Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 1 3 4 5 6 Record the payment of interest for Cromley Company. Note: Enter debits before credits Date General Journal Debit Credit July 31, 2018 Graw Prey 11 of 13 Next> Chec 11 EIOuny- 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 11 ouny. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each Interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Reg 2A Reg 28 Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 28 Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 1 5 6 Record the payment of interest for Cromley Company. Note: Enter debits before credits Date General Journal Debit Credit July 31, 2019 Mc Check my 11 EEIOuny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering you rs in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 1 2 3 4 6 Record the accrued interest for Cromley Company. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019 Mc M Prev 11 of 13 Next> 14 11 OLuny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Sklpped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 2 3 4 5 Record the payment of interest for Cromley Company. Note: Enter debits before credits Date General Journal Debit Credit January 31, 2020 Mc Graw CT Check my wort 11 OLUIny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 1 2 3 4 5 6 Record the receipt of interest for Barnwell Company. Note: Enter debits before credits Date General Journal Debit Credit July 31, 2018 Mc atuiity. 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Reg 4 Barnwell Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (1f no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) eBook Print View transaction list References Journal entry worksheet 1 3 4 5 6 Record the accrued interest for Barnwell Company. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2018 Mc Chec 11 Ouny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) eBook Print View transaction list References Journal entry worksheet 1 2 4 5 6 Record the receipt of interest for Barnwell Company Note: Enter debits before credits. Date General Journal Debit Credit January 31, 2019 14 11 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 polnts Complete this question by entering your answers in the tabs below. Skipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 1 2 3 5 6 Record the receipt of interest for Barnwell Company Note: Enter debits before credits. Date General Journal Debit Credit July 31, 2019 Mc Graw Io - COIleLL.IILII Chapter 14 Saved Help Save & Exit Sub Check my wor 11 ouity 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Siipped Req 1 Req 2A Req 2B Req 3 Req 4 Cromley Req 4 Bamwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet 2 4 Record the accrued interest for Barnwell Company. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019 Check my w 11 IOuny 2-b. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's investment on February 1, 2018. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. 10 points Complete this question by entering your answers in the tabs below. Skipped Reg 1 Req 2A Req 2B Req 3 Req 4 Cromiey Reg 4 Barnwell eBook Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Print View transaction list References Journal entry worksheet T 2 3 4 Record the receipt of interest for Barnwell Company. Note: Enter debits before credits. Date General Jourmal Debit Credit January 31, 2020 Grw