citywide company issues binds with a par value of 84,000. the bonds mature in eight years and pay 12% annual interest in semiannual payments. the annual market rate for the binds is 10% . (use the appropriate factors from the table provided)

1. compute the price of the bonds as of their issue date

2. prepare the journal entry to record the binds issuance

TABLE B.2 Future Value of 1 f = (1 + i)" Rate Periods 1% 2% 3% 5% 5% 6% 7% S% 9% 10% 12% 15% 0 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1 1.0.100 1.0200 1.0300 1.0400 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1200 1.1500 2 1.0201 1.0404 1.0609 1.0816 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.2544 1.1225 3 1.0303 1.0512 1.0927 1.1249 1.1576 1.1910 1.2250 1.2597 1.2950 1.3310 1.4049 1.5209 4 1,0406 1.0824 1.1255 1.1699 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 1.5735 1.7490 5 10510 1.1041 1.1593 1.2167 1.2763 1.3382 1.4026 14693 1.5386 1.6105 1.7623 2.0114 6 1.0615 1.1262 1.1941 1.2653 1.3401 1.4185 1.5007 1.5869 1.6771 1.7716 1.9738 23131 7 1.0721 1.1487 1.2299 1.3159 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 2.2107 26600 8 1.0820 1.1717 1.2668 1.3686 1.4775 1.5038 1.7182 1.8509 1.9926 2.1436 2.4760 3.0590 9 1.0937 1.1951 13048 1.4233 1.5513 1.6895 1.8385 1.9990 2.1719 23579 2.7731 3.5179 10 1.1046 1.2190 1.3439 1.4802 1.6289 1.7908 1.9672 21589 2.3674 25937 3.1058 4.0456 11 1.1157 12434 13842 1.5395 1.7103 1.8983 21049 2.3316 2.5804 2.8531 3.4785 4.6524 12 1.1268 1.2682 1.4258 1.6010 1.7959 20122 22522 25182 2.8127 3.1384 3.8950 5.3503 13 1.1381 12936 14689 1.6651 1.8856 21329 2.4098 2.7196 3.0658 3,4523 43635 6.1528 14 1.1495 13195 15120 1.7312 1.9799 2.2609 25785 2.9372 3.3417 3.7975 4.8871 7.0757 15 1.1610 13459 1.5580 1.8009 2.0789 23966 27590 3.1722 3.6425 4.1772 5.4736 8.1371 16 1.1725 1 3728 18730 2. 1829 2.5404 2.9522 3.4259 39703 4.5950 5.1304 9.3576 17 1.1845 1.4002 16528 19419 22920 26928 2.1583 3.7000 43276 50545 6.8660 10.7613 18 1.1961 14282 1.7024 2.0250 2.4066 28543 3.3799 39960 4.7171 5.5599 7.6900 12.3755 19 1.2081 1.4568 1.7535 2.1068 25270 30256 3.6165 4.315 5.1417 61150 8.6128 14.2318 20 1.2202 1.4359 18061 2.1911 2.6523 32071 3.8697 4,0610 5.6044 6.2275 96463 15.3655 25 12824 16400 2.0938 2.6658 3.3864 42919 5.4274 58435 3.6231 103347 17.0001 32.9190 30 1.3478 13114 32414 4321 5.741 7,6123 10.0627 132677 17.4494 23.9599 66.2118 35 1,4166 1.0990 28139 10.05 55100 76861 10.000 14.785 20.010 28. 1024 52.7990 133. 1755 40 14889 2.2000 3.2020 4 B01 70400 1025 14.074 217245 314094 452593 93.0510 367 8635 Udele tulevada al forn the fact 30 and The 440 TABLE B.1 Present Value of 1 p=1/(1+iy Rate Periods 1% 2% 3% 5% 6% 8% 9% 10% 15% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 97 18 19 20 25 30 35 40 0.9901 0.9803 0.9706 0.9510 0.9515 0.9420 0.9327 0.9235 0.9143 0.9053 0.8963 0.8874 0.8787 0.8700 0.8613 0.8528 0.8444 0.8360 0.8277 0.8195 0.7798 0.7419 0.7059 0.6712 0.9804 0.9612 0.9423 0.9238 0.9057 0.8880 0.8706 0.8535 0.8368 0.8203 0.3043 0.7885 0.7730 0.7579 0.7430 0.7284 07142 0.7002 0.6854 06730 0.6095 015521 0.5000 0.4529 0.9709 0.9426 0.9151 0.8885 0.8626 0.8375 0.8131 0.7894 0.7664 0.7441 0.7224 0.7014 0.6810 06611 0.5419 0.6232 0.6050 015874 0.5703 05537 0.4776 04120 0.3554 0.3066 09615 0.9246 0.8890 0.8548 0.8219 0.7903 0.7599 0.7307 0.7026 0.6756 0.6496 0.6245 0.6006 0.5775 0.5550 0.5339 0.5134 0.4935 0.4746 0.4564 0.3751 0.3083 0.2534 0.2003 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.7107 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.4810 0.4581 0.4363 0.4155 0.3957 0.3769 0.2953 0.2314 0.1813 0.1420 019-034 0.8900 0.8395 0.7921 0.7473 0.7050 0.6651 06274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4473 04173 0.3935 0.3714 0.3503 0.3305 03518 0.2330 05741 0.1301 0.0972 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5639 0.5083 0.4751 04440 0.4150 0.3878 0.3624 0.3387 03166 02959 02765 0.2584 0.1842 0.1314 0.0937 00569 0.9259 0.8573 0.7933 0.7350 0.6806 0.5302 0.5835 0.5403 0.5002 0.46 0.4289 0.1971 0.3672 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2165 0.1450 0.0994 0.0576 0.0460 0.9174 0.3417 0.7722 0.7084 0.5499 0.5963 0.5470 0.5019 0.6504 0.4224 0.3875 0.3555 0.3262 02992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784 0.1160 0.0754 0.0490 0.0318 0.9091 0.8264 0.7513 0.6830 0.6209 0.5665 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 0.1635 0.1486 0.0923 0.0573 0.0356 0.0221 0.8929 0.7972 0.7118 0.6355 05674 0.5066 0.4523 0.4039 0.3506 013220 0.2875 0.2567 0.2292 0.2016 0.1827 0.1631 0.1456 0.1300 0.1161 0.1037 0.0588 00334 0.0599 0.0107 0.8696 0.7561 0,6575 0.5718 0.4972 0.4323 0.3759 0.3269 0.2843 0.2472 02149 0.1569 Q.1625 0.1413 0.1229 0.1069 0.0929 0.0808 0.0703 0.0611 0.0304 0.0151 0.0075 0.0037 sedmothesen 5.000 6 from the 556 p=1-a+s") TABLE B.3: Present Value of an Annuity of 1 Rate Periods 1% 2% 3% 5% 6% 7% 8% 10% 12% 15% 1 2 3 4 5 6 7 B 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 10 0.9901 1.9704 2.9410 3.9020 4.8534 5.7955 6.7282 7.6512 8.5660 9.4713 10.3676 11.2551 12.1337 13.0037 13.0651 14.7179 15.5623 16.3983 172260 18.0456 22.0232 25,8077 29.4080 32.9347 0.9804 1.9415 28839 3.8072 4.7135 5.6014 6.4720 7.3255 8.1622 8.9826 9.7868 10.5753 11.3484 12.1062 12.8493 13.5777 14.2919 14.9920 15.6785 16.3514 19.5235 22.1965 24.9986 273555 0.9709 1.9135 2.8286 3.7171 4.5797 5.4172 6.2303 7,0197 7.7861 8.5302 9.2526 9.9540 10.6350 11.2961 11.9370 12.5611 13.1661 13.7535 14.3238 14.8775 170131 19.6004 21.4872 23.1148 0.9515 1.8861 2.7751 3.6299 4.4518 52421 5.0021 5.7327 7.4353 8.1109 8.7605 9.3851 9.9850 10.5631 11.1184 11.6523 12.1657 12,6593 0.9524 1.8594 2.7232 35460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 11.2741 116096 120853 12.4622 140939 15.3725 16.3742 17.1591 0.9434 18334 2.6730 3.4551 4.2124 4.9173 5.5824 6.2098 6.8017 73601 78869 8 3838 88527 9.2950 9.7122 10.1059 10.4773 10.8276 11.1581 11.4699 12.7834 13.7648 14 4982 15.0463 0.9174 1.7591 25313 3.2397 3.8897 4.4859 50330 5.5348 5.9952 6,4177 5,8052 7.1607 0.9346 1.8080 2,6243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 7.9427 8.3577 8,7455 9.1079 9.4460 9.7632 10.0591 103356 10.5940 11.6536 124090 12.9477 13.3317 0.9259 1.7833 2.5771 3.3121 3.9927 4.6229 5.2064 5.7466 6.2409 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 38514 0.1210 93719 9.5036 98181 10.6748 11.2578 11.6546 11.9240 0.9091 1.7355 2.4869 3.1099 3.7908 4.3553 4.8684 5,3349 5.7590 6.1446 6,4951 68137 7.1034 7.3667 7.6061 7.8217 8.0210 8.2014 8.3549 8.5136 9.0770 9.4260 9.6442 9.7791 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5,6502 5.9377 6.1944 6.4235 6.6282 68109 6.9740 7.1116 7.2497 7.3658 7.4694 7.8431 80552 3.1755 8.2438 0.8996 1.6257 2.2832 28550 3.3522 3.7845 4.1604 4.4873 4.7715 50188 5.2337 5.4200 55831 5.7245 58474 5.9542 60172 6.1200 6.1992 6.2593 6.4541 6,5660 6.6166 56418 7.7862 100Y 8.3126 85036 8.7556 9501 9.1285 98220 102737 10.5668 10.7574 17.5003 15.6221 17.2920 18.6646 19.2928 Used calculate the front value of a seas of equal web de tend of each panelem: What is the per lo 57.000 per year o consumi to = 10the PV tackar 6.41722 Nonstoque f=[(1 + i)" - 1yi TABLE B.40 Future Value of an Annuity of 1 Rate Periods 22 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 15% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 12 18 19 20 25 30 35 40 1.0000 20100 3.0301 4.0504 5,1010 6.1520 7.2135 8.2857 9.3685 10.4622 11.5668 12.6825 13.8093 14.9474 16.0969 17.2579 18.4304 19.6147 20.8109 22.0190 28.2432 34.7849 41.6603 48.8864 1.0000 20200 3,0604 4.1216 5.2040 6.3081 7.4343 8.5830 9.7546 10.9497 12. 1687 13.4121 14.6803 15.9739 17.2934 186393 20.0121 21.4123 22.8406 24.2974 32.0303 40.5681 49.9945 60.4020 1.0000 2.0300 3.0909 4.1836 5.3091 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0863 1B 5989 20.1569 21.7616 23.4144 25.1169 26.8704 36.4593 475754 60.6621 75 6013 1.0000 1.0000 1.0000 2.0400 2.0500 2.0600 3.1216 3.1525 3.1836 4.2465 4.3101 4.3746 5.4163 5.5256 5.6371 6.6330 6.8019 6.9753 7.8983 8.1420 8.3938 9.2142 9.5491 9.8975 10.5828 11.0266 11.4913 12.0061 12.5779 13.1808 13.4854 14.2068 14.9716 15.0258 15.9171 15,8699 16.6268 17.7130 18.8821 18.2919 19.5986 21.0151 20.0236 21.5786 23.2760 21.8245 23.6575 25.6225 23.6975 25.8404 28,2129 25.6454 28.1324 30.9057 27,6712 30.5390 33.7600 29.7781 33.0660 36.7856 41.6459 47.7271 54.8645 56.0849 66 4388 79.0582 73.6522 90.3203 1114348 95.0255 120.79991547620 1.0000 2,0700 3.2149 4.4399 5.7507 7.1533 8.6540 10,2598 11.9780 13.8164 15.7836 17.8885 20.1406 22.5505 25.1290 27.8881 30.8402 33.9990 37 3790 40.9955 63.2490 94 4608 138 2369 1996351 1.0000 20800 3.2464 4.5061 5,8666 7.3359 8.9228 10.6366 12.4876 14.4866 16.6455 18.9771 21.4953 24 2149 27.1521 30.3243 33.7502 37.4502 41.4463 45,7620 73.1059 113.2832 172.3168 259.0565 1.0000 1.0000 20900 2. 1000 3.2781 3.3100 4.5731 4.6410 5.9847 6.1051 7.5233 7.7156 9.2004 9.4872 11.0285 11.4359 13.0210 13.5795 15.1929 15.9374 17.5603 18.5312 20.1407 21.3843 22.9534 245227 26.0192 27.9750 29.3609 31.7725 33.0034 35.9497 36.9737 40.5447 41.3013 45.5992 450185 51.1591 51.1601 57.2750 84.7009 98 3471 136 3075 164.4940 215.7108 271.0244 3378824 442.5926 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 20.6546 24.1331 28.0291 32 3926 37.2797 42.7533 48.8837 55.7497 63.4397 72.0524 133.3339 241.3327 431.6635 7670914 1.0000 2.9500 3.4725 49934 6.7424 8.7537 11.0668 13.7268 15.7958 20.3037 243493 29.0017 34 3519 40.5047 47 5804 55.7135 65 0751 75.8364 88.2118 102.4436 212.7930 4347451 881.1702 1.779 0903 used to call the future of a shes of equal payments made at the end each perit. For example Whistle tue valors per year it years in annos interest rate of 8 For 6 =) hely fictor7.35siper year for your accumulato 529 154.000735598 Required 1 Required 2 Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dallar amol Table Values are Based on: ns i= Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds Required 2 > Prepare the journal entry to record the bonds issuance. (Round intermediate calculations to the nearest dollar amount. View transaction list Journal entry worksheet