A Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) 3. Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Explanations are not required. Print Done Matt Winne, Inc. issued $500,000 of 13%, five-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. 2 (Click the icon to view Present Value of $1 table.) 3 (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) i Reference Periods 16% 0.862 1.605 2.246 2.798 3.274 14% 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 18% 0.847 1.566 2.174 2.690 3.127 4.100 ovo AW 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.685 4.039 4.344 4.607 4.833 3.498 3.812 4.078 4.303 4.494 3.837 5.328 5.650 5.029 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 1.970 | 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.890 3.791 3.605 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 11.255 10.575 9.954 9.3858.863 8.384 | 7.943 | 7.536 | 7.161 | 6.814 6.194 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 14.718 13.578 12.561 | 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 18.046 16.351 14.877 13.590 12.462 11.470 10.594 | 9.818 | 9.129 | 8.514 7.469 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.6497.562 19.660 17.658 15.937 14.451 13.163 12.042 11.061 | 10.201 9.442 8.772 7.645 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.5808.883 7.718 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 7.896 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 7.943 5.453 5.660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 15% 0.870 1.626 2.283 2.855 3.352 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.847 5.954 6.047 6.128 6.198 6.259 6.312 6.359 6.399 6.434 6.464 6.491 6.514 5.197 5.342 5.468 5.575 5.669 5.749 5.818 5.877 5.929 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.353 5.384 5.410 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.730 4.775 4.812 4.844 5.973 6.687 6.743 6.792 6.835 6.873 5.432 6.011 6.044 6.073 6.097 6.118 6.136 4.870 4.891 4.909 4.925 4.937 4.948 4.956 4.964 5.451 5.467 5.480 5.492 6.906 6.935 i Reference Periods 1% 1.010 1.020 1.030 1.041 1.051 3% 1.030 1.061 1.093 1.126 1.159 4% 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 Future Value of $1 6% 7% 1.060 1.070 | 1.1241.145 1.191 1.225 1.262 1.311 1.338 1.403 1.419 1.501 1.606 1.594 1.718 1.689 1.838 1.791 1.967 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 1.974 2.211 2.476 2.773 3.106 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.323 1.521 1.749 2.011 1.194 1.230 1.504 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 2.195 2.502 2.853 3.252 3.707 2.313 2.660 3.059 3.518 4.046 4.652 5.350 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.516 1.546 1.577 1.608 1.641 1.673 1.707 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.798 4.177 1.384 1.426 1.469 1.513 1.558 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.407 2.527 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.232 1.245 1.257 1.270 1.282 1.295 1.308 1.898 2.012 2.133 2.261 2.397 2.540 2.693 2.854 2.105 2.252 2.410 2.579 2.759 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 5.034 5.437 5.871 6.341 6.848 7.396 7.988 9% 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2.367 2.580 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 6.109 6.659 7.258 7.911 8.623 9.399 10.25 4.226 4.818 5.492 6.261 7.138 2.952 1.873 1.948 1.605 1.653 1.702 1.754 1.806 2.026 3.026 3.159 3.380 3.617 3.870 2.653 3.479 3.896 4.363 4.887 5.474 6.130 6.866 7.690 8.613 9.646 10.80 12.10 13.55 15.18 17.00 19.04 21.32 3.207 4.595 5.054 5.560 6.116 6.727 7.400 8.140 8.954 9.850 10.83 2.107 2.191 2.279 2.370 2.465 2.563 2.666 2.772 2.883 3.400 6.153 7.076 8.137 9.358 10.76 12.38 14.23 16.37 18.82 21.64 24.89 28.63 32.92 37.86 43.54 1.860 1.916 1.974 2.033 2.094 2.157 2.221 2.786 2.925 3.072 3.225 3.386 3.556 3.733 3.604 3.820 4.049 4.292 4.549 4.822 8.137 9.276 10.58 12.06 13.74 15.67 17.86 20.36 23.21 26.46 30.17 34.39 4.141 4.430 4.741 5.072 5.427 5.807 6.214 11.92 13.11 i Reference Periods 16% 0.862 1.605 2.246 2.798 3.274 14% 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 18% 0.847 1.566 2.174 2.690 3.127 4.100 ovo AW 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.685 4.039 4.344 4.607 4.833 3.498 3.812 4.078 4.303 4.494 3.837 5.328 5.650 5.029 Present Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 1.970 | 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.890 3.791 3.605 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 11.255 10.575 9.954 9.3858.863 8.384 | 7.943 | 7.536 | 7.161 | 6.814 6.194 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 14.718 13.578 12.561 | 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 18.046 16.351 14.877 13.590 12.462 11.470 10.594 | 9.818 | 9.129 | 8.514 7.469 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.6497.562 19.660 17.658 15.937 14.451 13.163 12.042 11.061 | 10.201 9.442 8.772 7.645 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.5808.883 7.718 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 7.896 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 7.943 5.453 5.660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 15% 0.870 1.626 2.283 2.855 3.352 3.784 4.160 4.487 4.772 5.019 5.234 5.421 5.583 5.724 5.847 5.954 6.047 6.128 6.198 6.259 6.312 6.359 6.399 6.434 6.464 6.491 6.514 5.197 5.342 5.468 5.575 5.669 5.749 5.818 5.877 5.929 4.656 4.793 4.910 5.008 5.092 5.162 5.222 5.273 5.316 5.353 5.384 5.410 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.730 4.775 4.812 4.844 5.973 6.687 6.743 6.792 6.835 6.873 5.432 6.011 6.044 6.073 6.097 6.118 6.136 4.870 4.891 4.909 4.925 4.937 4.948 4.956 4.964 5.451 5.467 5.480 5.492 6.906 6.935 i Reference Future Value of Ordinary Annuity of $1 Periods 12% 1.000 2.120 4% 1.000 2.040 3.122 4.246 5.416 1% 1.000 2.010 3.030 4.060 5.101 6.152 7.214 8.286 9.369 10.46 15% 1.000 2.150 3.473 5% 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 11.03 12.58 9% 1.000 2.090 3.278 4.573 5.985 3.374 4.779 6% 1.000 2.060 3.184 4.375 5.637 6.975 8.394 9.897 11.49 13.18 10% 1.000 | 2.100 3.310 4.641 6.105 4.993 7% 1.000 2.070 3.215 4.440 5.751 7.153 8.654 10.260 11.98 13.82 14% 1.000 2.140 3.440 4.921 6.610 6.353 6.742 6.633 7.898 9.214 10.58 12.01 7.523 9.200 11.03 13.02 15.19 8.115 10.09 12.30 14.78 17.55 8.536 10.73 13.23 16.09 19.34 2% 1.000 2.020 3.060 4.122 5.204 6.308 7.434 8.583 9.755 10.95 12.17 13.41 14.68 15.97 17.29 18.64 20.01 21.41 22.84 24.30 25.78 27.30 28.85 30.42 32.03 33.67 35.34 11.57 12.68 13.81 14.95 16.10 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 8.892 10.16 11.46 12.81 14.19 15.62 17.09 18.60 20.16 21.76 23.41 25.12 26.87 28.68 30.54 32.45 34.43 36.46 38.55 40.71 7.716 9.487 11.44 13.58 15.94 18.53 21.38 24.52 27.98 31.77 35.95 8% 1.000 2.080 3.246 4.506 5.867 7.336 8.923 10.64 12.49 14.49 16.65 18.98 21.50 24.21 27.15 30.32 33.75 37.45 41.45 45.76 50.42 55.46 60.89 66.76 73.11 79.95 87.35 13.49 15.03 16.63 18.29 20.02 21.82 23.70 25.65 27.67 29.78 31.97 34.25 36.62 17.26 18.43 19.61 20.81 22.02 23.24 24.47 25.72 26.97 14.21 15.92 17.71 19.60 21.58 23.66 25.84 28.13 30.54 33.07 35.72 38.51 41.43 44.50 47.73 51.11 54.67 14.97 15.78 16.87 17.89 18.88 20.14 21.02 22.55 23.28 25.13 25.67 27.89 28.21 30.84 30.91 34.00 33.76 37.38 36.79 41.00 39.99 44.87 43.39 49.01 47.00 53.44 50.82 58.18 54.86 63.25 59.16 68.68 63.7174.48 17.56 20.14 22.95 26.02 29.36 33.00 36.97 41.30 46.02 51.16 56.76 62.87 69.53 76.79 84.70 93.32 102.7 40.54 45.60 51.16 57.28 64.00 71.40 79.54 88.50 98.35 109.2 121.1 20.65 24.13 28.03 32.39 37.28 42.75 48.88 55.75 63.44 72.05 81.70 92.50 104.6 118.2 133.3 23.04 27.27 32.09 37.58 43.84 50.98 59.12 68.39 78.97 91.02 104.8 120.4 138.3 158.7 181.9 8.754 11.07 13.73 16.79 20.30 24.35 29.00 34.35 40.50 47.58 55.72 65.08 75.84 88.21 102.4 118.8 137.6 159.3 184.2 212.8 245.7 283.6 39.08 28.24 29.53 30.82 41.65 44.31 | 47.08 150.3 169.4 208.3 Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) Upon issuance of the bonds payable, the company received Requirement 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) Interest Expense Carrying Amount Cash Paid Amortized 01/01/2018 06/30/2018 12/31/2018 Requirement 3. Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the issuance of the bonds on January 1, 2018. (Prepare a single compound entry) Date Accounts Debit Credit 2018 Jan. 1 Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2018. (Prepare a single compound entry.) Date Accounts Debit Credit 2018 Jun. 30 Journalize the payment of the second semiannual interest amount and amortization of the bond on December 31, 2018. (Prepare a single compound entry.) Date Accounts Debit Credit 2018 Dec. 31