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The founder of Frenza asks us to assist her in accounting and analysis of the corporation's bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications of further debt issuances as she looks for ways to finance the growth of Frenza. The following Tableau Dashboard is provided to help us address her questions and provide recommendations for her business decisions. Frenza Bond Amortization Carrying Value Unamortized Discount $100,000 $80,000 $60,000 $88,000 $90,000 $92,000 $94,000 $96,000 $98,000 $100,000 $40,000 $20,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, Year 1 $0 Year 2 Year 3 Cash & Inventory for Competing Companies Frenza Lika Nelo Market Rate for Company Bonds 1096 (Frenza 9% 896 $50,000 Lika 7% 696 $40,000 496 $4% Nelo... $30,000 $55,000 29 $20,000 $30,000 $32,000 $42,000 Cash $18,000 $7,000 096 $10,000 $0 Total Equity & Net Income Frenza Lika Nelo Net Income $100,000 $190,000 $85,000 Total Equity $400,000 $530,000 $275,000 Cash Cash Inventory Inventory Inventory Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the premium or discount on the Frenza bonds on the issue date of January 1, Year 1? Amount Premium or discount? What is the premium or discount on the Frenza bonds on the issue date of January 1, Year 1? Requr Required 2 > Required 1 Required 2 Prepare the journal entry for issuance of the Frenza bonds on January 1, Year 1. View transaction list Journal entry worksheet 1 Record the issuance of the bonds on January 1, Year 1. Note: Enter debits before credits. Debit General Journal Date Credit Jan 01

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