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On January 1,2021. Surreal Manufacturing issued 690 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31 , and a matuity date of December 31,2023 , On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $670.855 Surreal uses the effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year Required: 1. Prepare a bond amortization schedule 2.5. Prepare the joumal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101 Complete this question by entering your answers in the tabs below. Pregare a bond amorizatlon sichedoln. (Hound your answern to the nearest whole dolla. Make aure that the Carrying value equals face value of the bond in the Last period. Interent expense in the last poriod will resolt in the amouht in Discount Amortized equaling Discount on Eonds Payable.) Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101 . (If no entry is required for a transactionfevent, select "No Journal Entry Required" in the first account field. Round your answers to the nearest. whole dollar amount.) Journal entry worksheet 5 Record the issuance of 690 bonds at face value of $1,000 each for $670,855. Wote: Eniter debits belure credits: On January 1, 2021, Surreal Manufacturing issued 690 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $670,855 Surreal uses the effective-interest bond amortization method and adjusts for any founding errors when recording interest in the final year Required: 1. Prepare a bond amortization schedule 2-5. Prepare the joumal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1,2023, at a price of 101. Complete this question by entering your answers in the tabs below. Prepare the journal entres to record the bond issue, the interest payments on December 31, 2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101. (If no. entry is required for a trancaction/event, select "No Journal Entry Required in the first accoont field. Round your answers to the nearest whole doltar amount.) Show less a Journal entry worksheet 2 5 Fecond the issuance of 690 bonds at face value of 51,000 each for 5670,855 . Wote: Enter debite belture rredite. nnualy on Uecember 31, and a maturity date of December 31,2023 . On the issue date, the market interest rate was 4 percent, so the otal proceeds from the bond issue were $670,855. Surreal uses the effective-interest bond amortization method and adjusts for any ounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule 2.5. Prepare the journal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101 Complete this question by entering your answers in the tabs below. Prepare the joumal entries to record the bond issue, the interest payments on December 31, 2021 and 2022, the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired on lanuary 1, 2023, at a price of 101. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld. Round, your answers to the nearest whole dollar amount.) Journal entry worksheet On January 1, 2021, Surreal Manufacturing issued 690 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $670,855. Surreal uses the effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2.5. Prepare the joumal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired on January 1,2023, at a price of 101. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2021 and 2022, the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101. (If no entry is required for a transactionvevent, solect "No Joumal Entry Required" in the first account field. Round your answers to the nearest whole dollar amount.) Journal entry worksheet Record the interent payment on Decernber 31,2022. Note: inter detints before credits. On January 1, 2021, Surreal Manufacturing issued 690 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31 , and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $670,855. Surreal uses the effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule 2.5. Prepare the joumal entries to record the bond issue, the interest payments on December 31,2021 and 2022. the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1,2023, at a price of 101 Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the bond issue, the interest payments on December 31, 202.1 and 2022, the interest and face value payment on December 31, 2023 and the bond retireruent. Assume the bonds are retired on lanuary 1, 2023, at a price of 101 . (If no antry is required for a transaction/event, select "No loumal Entry Required" in the first account field. Round your answers to the nearest. wholar amount.) Journal entry worksheet Record the retirement of the bonds at a quoted price of 101 , assuming the bonds are redired on lanuary 1,2023. On January 1, 2021, Surreal Manufacturing issued 690 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $670,855. Surreal uses the effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year: Required: 1. Prepare a bond amortization schedule 2.5. Prepare the journal entries to record the bond issue, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101 Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the bond isive, the interest payments on December 31,2021 and 2022, the interest and face value payment on December 31, 2023 and the bond retirement. Assume the bonds are retired on January 1, 2023, at a price of 101 . (If no entry is required for a transaction/event, select "Wo Joumal Entry Required" in the first account field, Round your answers to the nearest whole dollar amount.) Show less a Journal entry worksheet Record the interest and face value payment on December 31, 2023. Foitet fiter iftica befure tredits

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