Calming, Inc. is authorized to issue 5%, 10-year bonds payable. On January 1, 2024, when the market interest rate is 10%, the company issues $100,000 of the bonds. The bonds pay interest semiannually (Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of $1 table.) Read the requirements (Click the icon to view Present Value of Ordinary Annuity of $1 table) (Click the icon to view Future Value of Ordinary Annuity of $1 table) Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round 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 Carrying Cash Paid Expense Amortized Amount 01/01/2024 06/30/2024 12/31/2024 Requirement 3. Joumalize the issuance of the bonds on January 1, 2024, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2024 and December 31, 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bonds. Date 2024 Jan. 1 Accounts Debit Credit Present Value of $1 Periods 1% 2% 3% 4% 5% 6% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 Period 2 0.980 0.961 0.943 0.925 0.907 7% 0.935 0.890 0.873 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 Period 4 0.961 0.924 0.888 0.855 0.823 0.792 0.763 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 0.857 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 0.681 0.650 0.621 0.567 0.519 0.497 0.476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 Period 12 0.887 0.788 0.701 0.625 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 Period 14 0.870 0.758 0.661 0.577 0.505 Period 15 0.861 0.743 0.642 0.555 0.481 0.557 0.497 0.444 0.442 0.388 0.417 0.362 0.340 0.315 Period 16 0.853 0.728 0.623 0.534 0.458 Period 17 0.844 0.714 0.605 0.513 0.436 0.394 0.339 0.371 0.317 Period 18 Period 19 0.828 0.686 0.570 0.475 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.396 0.331 0.277 0.232 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.212 0.180 0.130 0.194 0.164 0.116 0.215 0.178 0.149 0.104 0.073 0.397 0.415 0.368 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 0.292 0.252 0.218 0.163 0.270 0.231 0.198 0.146 0.250 0.123 0.107 0.093 0.071 0.054 0.108 0.093 0.080 0.060 0.045 0.095 0.081 0.069 0.051 0.038 0.083 0.070 0.060 0.043 0.031 0.061 0.051 0.037 0.026 Period 21 0.811 0.660 0.538 0.439 0.359 Period 22 0.803 0.647 0.522 0.422 0.342 Period 23 0.795 0.634 0.507 0.406 0.326 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 0.278 0.226 0.262 0.211 0.184 0.150 0.123 0.083 0.056 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 0.046 0.038 0.026 0.018 Future Value of $1 Periods 1% 2% Period 1 1.010 1.020 3% 4% 1.030 1.040 Period 2 1.020 1.040 1.061 1.082 Period 3 1.030 1.061 1.093 1.125 1.260 1.295 1.331 Period 4 1.041 1.082 1.126 1.170 1.216 1.262 Period 5 1.051 1.104 1.159 1.217 1.276 1.338 1.311 1.403 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 1.158 1.191 1.225 1.405 1.482 1.521 1.574 1.689 1.749 1.360 1.412 1.464 1.469 1.539 1.611 1.762 1.925 2.011 Period 6 1.062 1.126 1.194 1.265 Period 7 Period 11 1.116 1.243 Period 12 1.127 1.268 Period 13 1.138 1.294 1.469 Period 14 1.149 1.319 Period 15 1.161 1.346 Period 16 1.173 Period 17 1.184 Period 18 Period 19 Period 20 1.196 1.208 1.220 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.195 2.313 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 Period 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 3.518 Period 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 1.558 1.801 2.079 2.397 2.759 3.172 3.642 4.177 1.373 1.605 1.873 2.183 2.540 2.952 1.400 1.653 1.948 2.292 2.693 3.159 1.428 1.702 2.026 2.407 2.854 3.380 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 4.887 6.261 7.076 5.474 7.138 8.137 3.426 3.970 4.595 6.130 8.137 9.358 3.700 4.328 5.054 6.866 9.276 10.76 3.996 4.717 5.560 7.690 10.58 12.38 8.613 12.06 14.23 9.646 13.74 16.37 Period 21 Period 22 1.232 1.245 1.516 1.860 2.279 2.786 3.400 4.141 1.546 1.916 2.370 2.925 3.604 4.430 5.034 6.109 7.400 10.80 15.67 18.82 5.437 6.659 8.140 12.10 17.86 21.64 Period 23 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 Present Value of Ordinary Annuity of $1 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 16% 18% 20% 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 2.991 4.623 4.486 4.355 4.111 3.889 3.784 5.206 5.033 4.868 4.564 4.288 4.160 5.747 5.535 5.335 4.968 4.639 4.487 4.344 4.078 3.837 6.247 5.995 5.759 5.328 4.946 4.772 4.607 4.303 4.031 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 Periods Period 1 1% 2% 3% 0.990 0.980 0.971 0.962 Period 2 1.970 1.942 1.913 1.886 Period 3 2.941 2.884 2.829 2.775 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 Period 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 Period 8 7.652 Period 9 8.566 Period 10 7.325 7.020 8.162 7.786 9.471 8.983 8.530 6.733 6.463 6.210 5.971 7.435 8.111 Period 11 10.368 9.787 9.253 Period 12 Period 13 7.108 6.802 6.515 7.722 7.360 7.024 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.938 5.453 5.234 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 Period 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6.974 6.265 5.954 Period 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 Period 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6.467 6.128 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.469 6.623 3.685 4.039 3.812 3.605 3.498 3.326 5.029 5.197 4.793 4.439 4.656 4.327 5.342 4.910 4.533 5.468 5.008 4.611 5.575 5.092 4.675 5.669 5.162 4.730 5.749 5.222 4.775 5.818 5.273 4.812 6.198 6.259 5.929 5.353 4.870 5.877 5.316 4.844 5.973 5.384 4.891 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.687 6.312 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 6.359 Period 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 7.718 6.792 6.399 6.044 5.432 4.925 6.011 5.410 4.909 Future Value of Ordinary Annuity of $1 4.310 4.375 5.526 5.637 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 3 3.030 3.060 3.091 3.122 3.153 3.215 3.246 3.278 3.310 3.374 3.440 3.473 Period 4 4.060 4.122 4.184 4.246 4.440 4.506 4.573 4.641 4.779 4.921 4.993 Period 5 5.101 5.204 5.309 5.416 5.751 5.867 5.985 6.105 6.353 6.610 6.742 3.184 Period 6 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 Period 7 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 Period 8 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 Period 9 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 Period 10 Period 11 Period 12 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 12.68 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 Period 13 13.81 14.68 15.62 16.63 17.71 Period 14 14.95 15.97 17.09 18.29 19.60 Period 15 16.10 17.29 18.60 20.02 21.58 18.88 21.02 23.28 Period 16 17.26 18.64 20.16 21.82 23.66 Period 17 18.43 20.01 21.76 23.70 25.84 Period 18 19.61 21.41 23.41 25.65 28.13 Period 19 Period 20 20.81 22.84 25.12 27.67 30.54 22.02 24.30 26.87 29.78 33.07 25.67 28.21 30.91 33.76 36.79 20.14 21.50 22.95 24.52 22.55 24.21 26.02 27.98 32.39 37.58 40.50 25.13 27.15 29.36 31.77 37.28 43.84 47.58 27.89 30.32 33.00 35.95 42.75 50.98 55.72 30.84 33.75 36.97 40.54 48.88 59.12 65.08 34.00 37.45 41.30 45.60 55.75 68.39 75.84 37.38 41.45 46.02 51.16 63.44 78.97 88.21 41.00 45.76 51.16 57.28 72.05 91.02 102.4 28.03 32.09 34.35 Period 21 23.24 25.78 28.68 31.97 35.72 Period 22 24.47 27.30 30.54 34.25 38.51 Period 23 25.72 28.85 32.45 36.62 41.43 39.99 43.39 47.00 44.87 50.42 56.76 64.00 81.70 104.8 118.8 49.01 55.46 62.87 71.40 92.50 120.4 137.6 53.44 60.89 69.53 79.54 104.6 138.3 159.3 Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 2. 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, 2024, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2024 and December 31, 2024. Explanations are not required