3 B 8 Account for Issuing Bonds On April 1, 2022, Green Planet Landscaping borrowed by issuing $150,000 of 5-year, 6% bonds. Interest is payable semiannually on September 30 and March 31. (Use appropriate factor(s) from Present Value-Single Table (PVS tab) 1 Present Value-Annuity Table (PVA tab) Future Value-Single Table (FVS tab) Future Value-Annuity Table (FVA tab) Compute the present value of the bonds on April 1, 2022. (Round table values to 4 decimal places, and round dollar amounts to the nearest dollar.) AH HP A. Calculate the amount of the semiannual interest payment on the bonds. (Enter the time factor in decimal form.) Principal 150,000 X Rate 6.0% Time 0.5 B. Calculate the present value of the bonds (how much cash you'll get to borrow). Present value of the interest payments: Interest Payment 4,500 Use Present or Future Single Payment or Number of interest Value table Annuity periods Interest rate per interest period Factor Payment amount Present or Future Value present annuity Present value of the face value: Use Present Single Number of Interest rate or Future Value table Payment or interest per interest Payment present Annuity single periods period Factor amount Present or Future Value Present value (cash value) of the bonds: Your result should include a $1 difference due to rounding. 2. Record the journal entry for the issuance of the bonds. Ignore the $trounding difference from Part 1 Start each entry on a starred row. 21 22 23 232 24 25 26 27 Date 28 * 29 30 31 32 33 General Journal Debit Credit