E10-8 (Algo) Recording and Reporting a Bond Issued at a Discount (with Discount Account) LO10-4 Park Corporation is planning to issue bonds with a face value of $740,000 and a coupon rate of 75 percent. The bonds mature in 8 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 85 percent (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1.&2. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of this year. 3. What bonds payable amount will Park report on its June 30 balance sheer? Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 What bonds payable amount will Park report on its June 30 balance sheet? (Enter all amounts as positive values.) DAK ADDATION Future Vale $1 1.0 2. W WS 1 2 10300 1060 103750 LOT LET 04000 100160 110 100000 112 4 2551 101000 102010 1.030 10400 105101 106150 L07214 108210 1 102 09000 101010 10621 LO 1.100 1.1216 1. 1,1714 1.1959 12189 10250 TO 100 T15 1230 12 133034 10000 1.1440 122904 1000 140255 1.500 13620 105000 110250 11563 121951 1270 134016 1 T10 147146 55113 530210 124718 12915 11405 12105 12654 1.31593 50350 1533 16 12677 +30477 171819 LEDE 179261 1904 10 1024 1511 115 Future Value of 51 2.04 CON 7.0% 149027 21045 11 12 10 10 15 1.11562 1.1263 13800 15345 160103 1990 171014 179504 BESI 1125 16 179007 1999 20783 2.4095 2.57050 2.75000 180004 13 124317 12824 129351 1.3198 1.3456 1.3127 140024 1425 1.45681 1.48585 164061 13105 10423 142575 146853 151259 155797 160471 16525 17020 1.75351 18061 2017 2.4972 20120 2120 220000 2. 2540 2017 28504 10250 3.2011 CORSET 1.16097 17250 11500 1.1915 120051 122019 2020 34785 2035 211522 17 18 19 20 22202 2.400 252935 26130 SOS Ons 2012 20 25001 2011 161653 1919 20 MORE SENCE HEY 5.6270 26128 20 12 D. 14 1.25000 112300 12540 40493 L15000 1220 129 111000 12210 13676 5187 100% 1.10090 121000 131100 146410 51051 1715 154512 2.1455 2.35795 10000 L1010 1 2903 141158 153052 1.67710 162804 199256 2171 235736 Future Value of $1 Periode 3.ON 101000 2 129971 1045 146939 1 7 1.7139 1503 5 1 2.15019 Future Vole of 1 Periode 11 23314 1300 27590 1 1631 1104 2.08195 23001 1791 2011 231306 1950 24141 2051 20140 120000 14000 172000 2016 2400 20 1901 42902 5.15 130214 UT 221050 2.15 277308 187041 2.00616 25021 150404 1255 2012 50 7.450 1103 200142 404556 15.05 200N w w 14:00 11.64153 115175 3.47855 os 3.622 435348 10.0 2851 2136 145227 3.7979 417725 4500 5.0544 CE 100 SCHES 13 14 15 16 09461 CODE GETTI COCOS 7.0757 2159 24 11030 22.7173 214171 35 57114 SOCIE 47145 5.3109 5.4795 130 0 7007 27112 2.91719 217217 24254 170002 MO2 431570 4.66096 35100 2.5063 201204 3.00 234173 1648 197051 639763 1712 5,14166 5.60441 362300 132624 FOTO tras 2011 2174 1423 1354 4000 19 20 13750 61111 672150 10:37 11449 16 261270 3648 116000 29.599 5551115 3894 163617 2146970 1997 809231 13.554 22.01230 2121054 6621177 237.31601 30 100624 Present Value of $1 Perlods 1.D SO . 4.ON 056154 0292456 095523 092013 OOO CINO 1 0.91010 2 0.98030 3 0.01059 4 096090 5 095147 6 0.94205 7 0.91222 0.9234 9 0.91434 10 0.90529 Present Value of $1 Perlede 1.ON 098039 0.96112 0.94232 092305 0.90573 0.86197 0.87056 0.85349 083676 082035 097027 Q14210 091514 OBS 01621 08374 081300 070941 076642 076409 0.96286 092802 09544 0.86302 033184 080181 077200 074490 0.71797 0.69202 0.95238 0.000 O16584 0.32210 0.053 026522 071061 0.69 091458 0.87346 031530 07620 071299 0.66634 0.8560 082193 0.78031 0.75912 0.73069 0.70259 067556 0904 0.19000 0.87942 1209 02 2009 OBEC 06241 0.591 0907 0.01212 07701 070775 0.71579 068757 0554 0.58201 05439) 050805 2. 30% 1.755 4.ON 5.0 7.09 0.80426 0.7684 0.77303 0.75788 0.14301 0.72045 0.71416 0.70016 0.68563 0.67297 0.60953 0.55207 11 0.99632 12 088745 13 0.87866 14 0.86995 15 0.85135 16 0.25282 17 0.94433 18 0.83602 19 0.12774 20 0.81954 25 0.77977 30 0.74192 Present Value of $1 Periods 6.00 0.72242 0.70138 0.68095 066112 0.54100 052317 0.60502 0.58730 0.57029 0.55368 0.47761 0.4199 0.66701 0.64290 0.61966 0.59726 0.57568 055487 0 53451 51543 US 0.47889 0918 083140 064950 062450 060057 057748 055526 053091 6.517 4155 063205 060585 58212 055839 05352 051379 0-49254 0.67275 D-053 004 0.15324 029521 S5610 259012 50507 48102 0.5311 0.000 049917 DO 04230 041727 1995 0.37136 0.30 105 031180 0.23300 11411 0:47509 04001 0.41036 03872 3205 1873 0.31657 029505 0.2151 025842 0.18425 013137 0.29573 037589 0.47014 00567 037512 030812 0231 2.05 10.ON TES 100 NO 19.09 10.0% 1 2 3 4 5 0.4444 0.57870 0.6225 080000 26-6000 0.51200 04040 092590 085734 0.79383 0.73500 0.500 0.63017 0.58349 0.54027 50025 0.46319 0.91743 0.84168 077218 0.70843 0.64993 0.59627 054703 0.50187 0.46043 0.42241 090909 0.82645 0.75131 0.68301 062092 056447 051316 0.46651 047410 038554 0.90050 081162 073119 0.65873 0.59345 0.53454 048166 0.02993 0.39092 0.35218 089285 0.75 0.71171 0.63552 055743 050662 0:45235 0.40388 0.36051 0.32197 085196 078315 0.93 051332 054276 0.68032 0.2506 0.37616 33280 29459 027719 0.76347 067457 059220 051931 04555 039964 056 0.70751 O15 075614 065752 057175 49213 00210 037594 012690 0.04 0271 076214 020972 7 0.3340 027908 021251 1931 16151 17422 0.10737 OL Present Value of $1 Periods ON 11.00 13.0 21.0 13.0 SO 300N 13459 11216 00346 0.2014 0.25666 022017 0 2040 0.18270 11 12 13 14 15 16 17 16 0.42888 0.3911 0.36770 0.3404 0.31524 02919 0.27027 0.25025 0.23171 0.21455 0.14602 0.09958 TIPO BRZE 9.05 0.32753 3553 022618 0.29925 0.27454 0.25187 0.23107 0.21199 0.1949 0.17843 0.11591 0.07537 10.05 0.35049 0.31863 0.28964 026333 0210 0.21760 0.1974 017900 0.16351 016364 0.09230 0.05731 0.31728 0.28584 0.25751 02199 0,20900 0.1809 0.16953 6.15282 0.13763 0.12403 0.07361 0.04368 0.26070 021071 0.70416 60 1598 0 14150 012522 011001 00960 0006 000710 002557 0.20756 1007 0.1507 8.14010 012209 0.10780 009450 0.08500 006812 005478 000 G03518 0.00815 002252 001801 001441 001153 0.00378 000124 000491 405400 0.00502 201754 003130 362609 01040 0.00421 0.13000 0.11651 0.1036 0.0588 0.03330 19 20 25 ODB01 07027 006110 001030 0.01510 0.012 0.01 Future Value of Annuity of S1 GN . TO 1.00000 100000 203000 205090 100000 201750 00000 2.04000 3210 31201 1.00000 206000 11830 43762 5163709 000 100000 2.02000 306040 412161 520604 6.00 74346 E58297 9.7553 10 94972 530914 646341 1.00000 2 201000 3.03010 406043 5.10101 615202 720354 28567 906853 10.6921 Puture Value of Annuity of $1 Por 1.ON 42300 50 6.58143 7.30 100000 205000 315250 431013 552561 500191 114201 350911 106 12.57789 66 100000 207000 321450 443954 575074 2.15329 6502 10 25000 11977 11145 5456 561290 7:33029 9.212 58200 1200611 CE 24 10.1511 11.45388 10.4503 11 674 9.29671 100 1214022 9.1970 11,09132 1310079 E.ON 7.05 6 2. 3.ON 126624 13.31201 131212 1635757 14 151 5420579 159170 15.78360 1745 2014064 22 50 25.12902 TE 20366 2015 2.53 1150 1260250 1933 14964 16.0969 17.25786 1243044 1961 2081090 22.01900 21.2420 34784 12.80780 11920 15 6117 17.00 18.8891 2015 2176155 23.4444 256 2682017 . 57542 13.41209 14.58013 15.97294 17.2930 18.60929 20 01207 2141231 22.54056 24 29737 22.03030 40 S60 30.34022 149716 16 161214 201507 21.27597 25.67253 221283 30 058 32 1559 SL451 19. 213214 23 1942 25050 2700 2017 027112 50 2421200 2324203 95906 21 5756 23.65749 254037 2913238 50 51900 1306515 47.72710 151 276123 27. 1706 EESEE OSCO 8083 07 SE553 45078 Future Value of Annuity of 51 LON 30.0 28.0 . 14 TO 100000 11 30000 211000 210 100000 2.13000 150000 2.14000 24 1.00000 2.25000 2 100000 200000 1.2004 50611 5. 100000 2.12000 23 677933 05285 611519 100000 2.20000 16000 600 144160 OOM 100000 2.09000 3.27810 457313 5.91471 7.52333 9.20043 110247 02104 661010 027 1211 31000 6100 610510 371561 9.4711 11 13:57 15370 1000 2 15000 347250 499337 6.74235 25314 11 13723 16 S04 20.10372 622780 791200 1322 11 COCEE 5.7056) 2003 11 2010 15.0749 194186 12.1900 16 207 12.73125 1073046 13.2025 1600535 1970 10663 12.6156 1672201 33 25390 17.50 1341975 25.0% 13. 10.ON 1. 10 2271119 221164 230 21.2707 25.01 29 470 13.05 2008 2016 34352 001 750041 5571203 15117 21.30 2452221 2391 1724 25.54573 405400 175012 ONE DE Future Value of Annuity of 5 Perles 1664545 17.610 12 1897112 2014072 22:33 14 24 21450 26.0191 15 2715211 23092 30.12428 33.003 17 23.75021 9730 37.45024 4130114 19 16.01646 20 4576196 51.16012 25 7310504 1070090 30 $17.28321 16.30754 3440536 12.1500 50050 MO 50 19592 7203511 374013 1053016 2011667 154 000 MED SCOSOS 4667173 4256613 54.2016 LL 1950 90941 103.6064 131055 17369568 211.6450 272 55576 360 105479118 3227.11 450054 504 56945 CH LORES 75236 6172514 70741 ON 05244 51. 27500 SE 14700 SO CROCE 302.4058 212.70 4347515 471.90108 2911922 Present Voice of Annuity of 51 TO SOE 3. SON .. 0.90039 154156 0.9636 58 11658 OROLO ECOS 699010 197040 296000 390197 TES 091001 14 2016 171710 25 2.75001 365138 18:00 2.79509 162990 30773 154505 182936 29 1600 con 519914 594 267301 345511 2123 DES . WER 11025 19 57954 6.72819 7.65158 BAT SILIPS BEZ 09102 LOSSES 062509 CEDES 5.2014 6.000 GES 71248 3.162224 NES ESCA UVOS 9105 SO CHOOL FICE S5222 2007 00100 09955 7.2013 7.70611 3.53620 SESSE . 651523 2.21279 1100 12 7314 9.4700 Present Value of Arvuty of $1 Periods IN Wort VEE M es 09 10 ESSES 97 BELS 180181 149357 S6 DES SOL 995400 10.61496 11.2007 119379 1236110 CI 652255 LO ESOLE OS 9585 CELOS POB BB SEE SESSE SES YE SEOSES STORS CO: HZ SCE C11 8HZB SL 11.31550 11.87017 12.00 12112045 10791 1.44666 76022 LIS ISESECI BE 11110 11.55230 121062 12 0094 13913 15.0208 7201 11 10.35769 12 11 25500 1211374 1134837 14 1300070 12.10525 1306505 1280326 16 1671787 13.57731 17 15.5.225 14 2015 16.70827 1499203 19 15.57846 20 16.35143 25 25.30773 Present of Armut of 51 Pero . 0:9170 2. 1.75911 257710 253129 131213 5 19.37568 N21 112401 1550 2012 2.45721 140 37225 14100 . 1.250 102 72 12783 13 BOBOI r LORED SSS103 LCZOTE IELOWE CE 14 3200 14.87747 1741315 19.80044 12 112007 15 2014 1677902 16.64120 S6 WEZ 10.5401 11.65356 2.4004 DE SETTLE 10.ON NE 11 2.0 VODE 150 25. 0892 SIS CESCO NET 0000D 00011 SOCOR 090209 171554 2.3 1961 2009 17112 24071 210005 MO OS SEZ 20 29071 3695 513 2282 2850 16 3 52173 2.1054 25887 29106 CORT SEREDE BEST LILL NOST 95200 210 2020 L05 CABLE Sort CAT SIZES CAS SESES 60 SISSE CHE ES 2.37661 2.5172 399155 442260 BE OLEIL 7 CERTS DED PONT 51612 1042 40212 7150 BO 496764 5.12825 022 HERE LORET CINE OOST 519902 14T 511566 SCUSS 2 181216 41007 ET 454 521 PONS 10.05 NE 16N 3. 10 N NE 06 SKS SO OLAS 54520 OS 2004 20091 USE 60199 NIES IZS CAS SIS OS 11213 Meront WON 1281 OLIE OPTIE 5.62811 5. 45105 10 671000 5:4179 Present Value of nuty of 1 Periods . 11 2.1396 6.80519 12 7.16073 13 FA 14 12424 7.78615 15 655548 366068 16 31254 17 9.12164 3566 9.37189 2.75561 95011 9.81016 9.12854 1067678 9.82050 11.25778 7 7600 RO OR CHE BEL 102 1814 3.91 LUB 1903 500 7.5401 6031 2009 LU CHIE EE 08121 MIT N02 BESTE 1902 06 HO or (SP SEE POLOG ORY WICO D COSSO CD CA SCHOE 4. 2017 1 2014 BE6 7095 191 SA SEE 12 SA S06061 SOCO 74956 Journal entry worksheet Record the issuance of bonds. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal Journal entry worksheet 1 2 > Record the payment of interest on June 30 using the effective-interest amortization method. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 What bonds payable amount will Park report on its June 30 balance sheet? (Enter all amounts as positive values.) PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities S 0
