WEEK 4 - Chapter 14 Homework (Part B) Saved 2 On January 1, 2021, Bradley Recreational Products issued $200,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $193,537 to yield an annual return of 10%. (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 25 points Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $20,000 of the bonds? eBook Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule that determines interest at the effective interest rate. (Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Carrying Value 1 2 3 4 5 6 7 8 Totals $ 0 $ 0 $ 0 Required 1 Required 2 Required 3 Required 5 Prepare an amortization schedule by the straight-line method. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Recorded Interest Increase in Balance Carrying Value 1 2 3 4 5 6 7 8 Totals $ HA 0 $ 0 $ 0 Required 1 Required 2 Required 3 Required 5 Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. (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.) View transaction list Journal entry worksheet Required 1 Required 2 Required 3 Required 5 Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. (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.) View transaction list Journal entry worksheet N Record interest expense on June 30, 2023, by the straight-line method. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Required 5 Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $20,000 of the bonds? (Round your intermediate calculation and final answer to whole dollars.) Price of the bonds