Campbell Inc. produces and sells outdoor equipment. On July 1, 2011, Campbell issued $73,900,000 of 10 year, 11% bonds at a market (efective) interest rate of 0%, receiving cash of $83.512,668 interest on the bonds is payable semiannually on December 31 and June 30 The fiscal year of the company is the calendar year Required 1. Journalize the onwy do record the amount of cash proceeds from the issuance at the bonds on May 1, 2017 2. Journalize the entries to record the following a. The first semiannual interest payment on December 31, 2011, and we amortizason of the bond premium, using the swapho-anse menod (Round to me nearest dollar The interest payment on June 30, 2012, and the amortization of the bond premium, using the straight line method (Round is the newest 3. Determine the rest expense to 2011 4. Will the bond proceeds away be greater than the face amount of bonds when the contact than the area of Bond premlum, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Present Value Tables Periods 4.0% 4.5% 5% 5.5% 6% 6.5% 7% 1 0.96154 0.95694 0.95238 0.94787 0.94340 093897 0.93458 2 0.92456 0.91573 0.90703 0.89845 0.89000 0.88166 0.87344 3 0.88900 0.87630 0.86384 0.85161 083962 0.82785 0.81630 4 0.85480 0.83856 082270 0.80722 0.79209 0.77732 0.76290 5 0.82193 080245 0.78353 0.76513 0.74726 0.72988 0.71299 6 0.79031 0.76790 0.74622 0.72525 0.70496 0.68533 0.66634 7 0.75992 0.73483 0.71068 0.68744 0.66506 0.64351 0.62275 8 0.73069 0.70319 0.67684 0.65160 0.52741 0.60423 0.58202 9 0.70259 061763 059190 0.56735 054393 067290 0.64393 0.64461 0.61391 10 067556 058543 055839 053273 0.50835 RAOSA 19 RARO Et 370 0031 700 VER 11 064958 0.61620 0.55491 0.52679 0.50021 0.47509 0.58468 0.55684 12 0.62460 058966 0.52598 049697 0.46968 0.44401 13 0.60057 053032 0.49856 0.46884 0.44102 041496 056427 053997 14 057748 047257 044230 0.38782 0 50507 0.48102 15 041410 0.38883 051672 0.36245 0.55526 053391 16 041727 039365 049447 044793 042458 0.40245 0.45811 043630 0.36510 0.34281 0.33973 0.31657 17 051337 047318 037136 035034 18 0.49363 041552 038147 045280 043330 0.32189029586 0.30224 0.27651 19 0.36158 0.33051 047464 045630 20 0.39573 037600 035894 0.34273 033180 041464 0.39679 0 2380 21 025842 024151 0.43883 032486 029410 020648 Instructions Present Value Tables 22 0.42196 0.37970 0.34185 0.30793 0.27751 0.25021 0.22571 23 0.40573 0.36335 0.32557 0.29187 0.26180 0.23494 021095 24 0.39012 0.34770 0.31007 0.27666 0.24698 0.22060 0.19715 25 0.37512 0.33273 0.29530 0.26223 0.23300 0.20714 0.18425 26 0.36069 0.31840 0.19450 0.17220 0.28124 0.26785 0.24856 0.21981 0.23560 0.20737 27 0.34682 0.30469 0.18263 0 16093 28 0.33348 0.25509 0.22332 0.19563 0.17148 0.15040 0.29157 0.27902 29 0.32065 0.24295 0.21168 0.18456 0.16101 0.14056 013137 30 0.30832 0.23138 0.20064 0.17411 015119 33 0.12277 0.26700 025550 0.24450 0.22297 0.29646 028506 027409 0.22036 0.20987 0.19018 0.18027 016425 0.15496 0.14196 0.13329 32 0.11474 33 19987 017082 0.14619 0.12516 010723 Present Value Tables 33 0 27409 0.23397 0.19987 0.17087 0.14619 012516 0.10723 34 0.26355 0.22390 0.19035 0 16196 0.13791 0.11752 0.10022 35 0.25342 0.21425 0.18129 0.15352 0.13011 0.11035 0.09366 40 0.20829 0.17193 0.14205 0 11746 0.09722 0.08054 0 06678 45 0.17120 0.13796 0.11130 0.08988 0.07265 0.05879 0.04761 50 0.14071 0.11071 0.08720 0.06877 0.05429 0.04291 0.03395 Periods 4.0% Present Value of Ordinary Annuity of $1 per Period 4.5% 596 5.5% 6% 0.95694 0.95238 0.94787 0.94340 6.5% 7% 1 0.96154 0.93897 093458 2 1 88609 1.87267 1.85941 1.84632 1 83339 1.82063 1 80802 3 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 Instructions Present Value Tables 4 3.62990 358753 3.54595 3.50515 346511 3.42580 3.38721 5 445182 4.38998 4.32948 427028 421236 415568 4.10020 6 524214 5.15787 5.07569 4 99553 491732 4.84101 4.76654 7 6.00205 5.89270 5.78637 5.68297 558238 548452 8 538929 5.97130 6.73274 6.59589 6.46321 6.33457 6.20979 608875 9 7.43533 7.26879 7.10782 6.95220 6 80169 6 65610 6.51523 10 8.11090 7.91272 7.72173 753763 718883 7.02358 11 8.76048 8.52892 8.30541 8 09254 736009 788687 8.38384 768904 7.49867 12 9.38507