Problem 5:On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021, with a face amount of ₱8,000,000. The bonds mature on December 31, 2026. For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semi-annually on June 30 and December 31. (Use at most, 4 decimal places for PV factors) J. Prepare the journal entries for 2021K. What is the price of the bonds on January 1, 2021?

ces On June 30, 2024, Single Computers issued 6% stated rate bonds with a face amount of $100 million. The bonds mature on June 30, 2039 (15 years). The market rate of interest for similar bond issues was 5% (2.5% semiannual rate). Interest is paid semiannually (3.0%) on June 30 and December 31, beginning on December 31, 2024. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: 1. Determine the price of the bonds on June 30, 2024. 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Note: Enter all the values as positive value. Round your final answers to nearest whole dollar amount, not in millions. Period-End 06/30/2024 12/31/2024 Cash Interest Paid Bond…

Problem 5:On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021, with a face amount of ₱8,000,000. The bonds mature on December 31, 2026. For bonds of similar risk and maturity, the market yield is 14%. Interest is paid semi-annually on June 30 and December 31. (Use at most, 4 decimal places for PV factors) 23. How much is the interest expense for the year ended, December 31, 2021?24. How much is the interest expense for the year ended, December 31, 2022?25. What is the carrying amount of the bonds on December 31, 2022?