On January 1, 2024, Bishop Company issued 10% bonds dated January 1, 2024, with a face amount of $19.4 million. The bonds mature in 2033 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Note: Use PV tables: (FV of $1, PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) Required: 1. Determine the price of the bonds on January 1, 2024. 2. Prepare the journal entry to record the bond issuance by Bishop on January 1, 2024. 3. Prepare the journal entry to record interest on June 30, 2024, using the effective interest method. 4. Prepare the journal entry to record interest on December 31, 2024, using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine the price of the bonds on January 1, 2024. Note: Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1). Round your intermediate calculations and final answer to the nearest whole dollar. Bond value < Required 1 Required 2 >

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A system contains many processes. Three common processes that are “grouped” together are transaction corrections, adjustments, and cancellations. These three elements work to properly serve customers. Imagine a system that allows you to register for a class online. The online system must give you a way to correct any errors you made, such as registering for the wrong class. This would be a transaction correction. The system should also allow you to make adjustments, such as adding or dropping classes. Finally, the system should allow you to make cancellations, such as cancelling the registration process entirely. Notice that all three of these processes, correction, adjustment, and cancellation, work together to provide you with one service, which is registering for classes. What type of requirements are transaction corrections, adjustments, and cancellations? Select one. Question 4 options: A Functional Requirements B Nonfunctional Requirements

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