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National Orthopedics Co. Issued 8% bonds, dated January 1, with a face amount of $950,000 on January 1, 2021. The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity the market yleld was 10%. Interest is paid semiannually on June 30 and December 31. (EV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided) Required: 1. Determine the price of the bonds at January 1, 2021 2. Prepare the journal entry to record their issuance by National on January 1, 2021. 3. Prepare an amortization schedule that determines Interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2021. 5. Prepare the appropriate journal entries at maturity on December 31, 2024. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required Determine the price of the bonds at January 1, 2021. (Round final answers to the nearest whole dollar) Table values are based on: Amount Present Value Cash Flow Interest Principal Price of bonds Required 2 > National Orthopedics Co, issued 8% bonds, dated January 1, with a face amount of $950,000 on January 1, 2021. The bonds mature on December 31, 2024 4 years for bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. (FV of si. PV of $1. EVA of $1. PVA of $1. FVAD f S and PVAD of $(Use appropriate factor(s) from the tables provided) Required 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record their issuance by National on January 1, 2021 3. Prepare an amortization schedule that determines Interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2021 5. Prepare the appropriate journal entries at maturity on December 31, 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required: 4 Required 5 Prepare the journal entry to record their issuance by National on January 1, 2021. (if no entry is required for a transaction/event, select "No joumal entry required in the first account field. Round intermediate calculations and final answers to the nearest whole dollar) View transaction at Journal entry worksheet > Record the issuance of the bonds on January 1, 2021. We General Journal Deba Credit Date Uanuary 01, 2021 Record entry Clear entry Viewer journal (Required 1 Required 3 > National Orthopedics Co, issued 8% bonds, dated January 1, with a face amount of $950,000 on January 1, 2021. The bonds mature on December 31, 2024 14 years). For bonds of similar risk and maturity the market yleld was 10% Interest is paid semiannually on June 30 and December 31. EV of $1. PV of $1. FVA SI PVA of S. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided) Required: 1. Determine the price of the bonds at January 1, 2021 2. Prepare the Joumal entry to record their issuance by National on January 1, 2021. 3. Prepare an amortization schedule that determines Interest at the effective rate each period. 4. Prepare the journal entry to record Interest on June 30, 2021 5. Prepare the appropriate joumal entries at maturity on December 31, 2024. Complete this question by entering your answers in the tabs below. Required Required 2 Required Required Required 5 Prepare an amortization schedule that determines interest at the effective rate each period. (Round intermediate calculations and final answers to the nearest whole dollar) Cash Interest Bond Interest Expense Discount Amortization Carrying Value Semiannual Interest Period End 01/01/2021 08/30/20271 12/31/20221 06/30/2022 12/31/2022 00/30/2023 12/31/2023 06/30/2024 12/31/2024 Total National Orthopedics Co, issued 8% bonds, dated January 1, with a face amount of $950,000 on January 1, 2021. The bonds mature on December 31, 2024 14 years). For bonds of similar risk and maturity the market yleld was 10% Interest is paid comiannually on June 30 and December 31 CV or $1. PV O $1. FVA OSI. PVA of S1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record the issuance by National on January 1, 2021. 3. Prepare an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2021 5. Prepare the appropriate journal entries at maturity on December 31.2024 Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Required 5 Prepare the appropriate journal entries at maturity on December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round intermediate calculations and final answers to the nearest whole dollar) View transaction at Journal entry worksheet 1 2 Record the interest expense on December 31, 2024. Ndebito Date General Jouma Debit Credit December 31, 2024 Racord entry Clear entry Viewer

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