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 $660,000 and a coupon rate of 7.5 percent. The bonds mature in 4 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 8.5 percent. (FV of $1. PV of S1. FVA of $1. and PVA of S1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1.82. 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 sheet? Future Value of $1 20 BON ME 10000 1000 2 103000 1000 10273 151 11902 100 0741 116 132300 LITO 12254 11000 40295 1.01000 102010 1.03030 LOGO 105101 106152 407214 100256 100 L102 102000 T0440 1.05121 10240 1. 1040 112616 1.10 1.17166 1.1950 1.21 120210 2018 5 G 7 3 11 255 105000 110250 115753 121553 12920 130010 1.40710 147746 155133 1629 23 264 1300 141052 150303 153 1. 7905 126677 1300 16057 171819 12345 195115 LE 01511 15420 151621 142331 10 13092 44 Future Vole of $1 1.ON 2 3.75 205 11 135423 15 15 1.11567 12603 1809 21045 225219 12 16000 CI 124 126824 1.29361 131568 34587 1992 155545 1617 15730 173709 150 1786 1353 151259 155792 160471 185285 ta MOOSE 14 15 16 17 18 10 20 2.57853 2.75903 295216 71034 1.79586 13565 1979 207193 21827 2.29202 240662 250 265330 116037 L1725 11830 1.19695 1.20011 122015 1 28243 134785 081 129330 201220 212283 2.20090 2006 25.000 20277 21503 202560 320714 429107 5.76349 1966 1950 20290 271529 220513 22991 2015 2.0252 2.000 1.40004 1.4285 1.45681 1.6055 1.64061 181136 1.75351 180611 209378 2.42726 2015 206015 2.51017 3011 2.37993 261653 3658 5.42743 751226 2014 SESE 30 42194 Future Value of $1 Periode 3.ON 10.0 15.ON 112000 113000 109000 1.10010 129503 1.10000 121000 130100 111000 12210 20000 1.000 100000 1.16640 125971 13601 125000 156250 1 2 3 4 5 6 1154 157352 2.07360 161051 177156 2.44141 3,05176 181470 151807 1650 187041 2016 230054 255804 283902 153862 167710 18204 199256 217189 2.36735 1.15000 132250 152080 174901 201136 231305 2.66002 3.05902 251780 404556 1400 162017 13044 200185 2251 2.65844 200404 15867 1.7132 1.85093 1.99900 2.15892 2.98598 3518 1.32541 2791 2.50927 235250 3.25195 545046 8 19732 22100 2.45 2.77700 2.1055 214359 2.35725 2.59374 515978 10 Future Value of 51 Periode 3.0 1.09 100% 11.09 12.05 20.0% 115176 1585 2.85017 134) 3.67 3.50 233164 251817 2.71962 290719 431730 56241 32320 31044 14 743000 891610 1069932 12.30910 1540700 43801 553475 625427 706730 7.000 258043 281264 306580 3.34173 3.64248 197031 2763 471112 5.14166 5.60441 469239 5.15035 6.15279 707531 813105 9.35762 10.76125 1237545 14.23177 15 16 12 1154153 1455192 1818909 22.73727 28.11 35 52714 440092 55 51115 347594 3.79790 4175 459497 50547 5.552 611591 672750 100001 17.450 7.13794 8.13725 927645 10 57517 12.0559 TE 1.99502 431579 4.6608 531089 5.8950 654355 720334 8.0631 13.58546 22.0230 6800 7597 3612 2218511 26.62333 194000 20 10.19742 11 52309 21 23054 11100 1672617 356700 26. 46192 5095016 12.91895 621172 20 21237531 10.06206 13.26760 2995012 3.0 2.755 0 6.0 0.97087 0.96785 0.92902 0.95 096154 09 Present Value of $1 Periode 1.09 1 0.99010 2 O S8030 3 097059 4 090098 5 0.95147 6 094205 7 093272 8 0.92343 0.91434 10 0.90529 006830 OSTO 098039 096117 091232 0.92385 0.00573 088197 087056 0.85349 0.83576 0.82035 017344 0.81630 0.76200 071299 091514 0.88949 0.86261 033748 0.81300 078941 0.76642 0.74405 0.95230 090702 O. 0.12210 0.78353 07422 0.7100 0.95223 0.92013 098252 0.550 0.8212 0.72901 0.7025 0.7575 0.68757 000158 050181 0.77283 0.74490 0.71791 069202 02190 0.79001 0.75992 0.73000 0.7025 067556 0.94340 0.39000 0.83952 0.79200 0.74726 0.70496 0.56506 0.52741 0.59190 0.55839 062275 0.58201 05493 050835 064451 0.61391 Present Value of $1 Periode HON WOT 3.0 SOS SON 11 0.89632 12 0.88745 087865 14 0.86996 15 0.88135 16 0.85282 17 0.84638 18 0.83602 19 0.82770 20 081956 25 0.77977 30 0.74192 Present Value of $1 Periods 0_50426 0.76349 077200 0,75788 07001 0.72845 0.71416 070016 0.68543 0.67297 060953 0.55207 0.72242 0.70138 0.68095 0.66112 064110 0.62312 0.60502 0.5873 0.5702 0.55368 0.47761 0.4119 0.56701 06000 0.61966 0.59726 057560 055487 053401 0.51548 0.49685 0.698 062450 0.005 577 055536 0:53091 0.51337 0:53065 0.606 058212 OS5239 53582 05537 0.49234 0.47275 0.5848 0.55654 0.53012 05050 0.48102 0.45811 43650 41552 39573 052679 0.49697 046834 04230 0.41721 0.29055 0.37036 0.35034 033051 03110 023300 017411 7.07 0.47509 0001 0.41436 0.38782 036245 0.33873 31657 029585 0.27651 0.25842 0.18425 013137 67654 37512 029530 0.23138 03160 9.ON 10.09 12.05 NOTI 14. 10.05 NO SE 1 0.80000 054000 051200 3 4 5 6 2 15.0 06957 0.75614 0.65752 057175 0.92593 0:05734 0.79383 0.73503 060058 0.63017 0.58349 0.54027 050025 11.0% 0.90090 0.81162 073119 0653 05345 053464 048166 04393 0.917 0.84168 0.77210 0.00 0.64993 050677 054703 0.50 0.4600 0.42241 0.900 0.82645 0.75131 0.58301 0902 056447 0.51356 0.46451 0.0410 087719 07097 0:0707 059200 51912 0.45558 35 0.005 061332 054275 4802 0.02 0.79719 0.71178 0.65 0.5670 0503 0.45285 0408 0.35051 032197 022765 0.83333 00014 0.57870 0.48225 0.40188 0.3390 027900 0.3333 SISE 016277 9 10 CORO SISEO 0.35056 030751 0.2014 orro SOMEO BERTO 1981 0.16151 2945 010727 Present Value of $1 Perlede BON 9.00 10.05 11. 12. 120 15.0N 10.05 25.0 6.42013 0.31720 0.2016 0251 0.23052 020756 021494 Q.10091 013459 011210 0.09345 025070 0207 2016 . 12 13 14 15 025750 15042 0.1 02866 0.26330 0.2393 0.21750 008590 0.06877 0.05498 000 Q0J510 0.1271 IND 020000 01023 0.14150 6.38755 035550 032618 0.29825 0.22454 0.25107 023107 0.21195 0.1949 017053 0.11591 0.01532 0.36770 0.34046 0.31524 0.22103 0.27027 25025 023171 0.21456 0.14002 0.00 0.17 1070 17 TO 0.000 0.182 16:12 14564 0.13004 0.11611 1067 0.15202 0.11081 0.09293 0.08081 GOTOZZ 006491 20600 004507 000756 000130 00GB 001040 017316 0.16351 14064 0.09230 20 201801 001441 0.01153 0.00295 0727 00172 0.07361 0.04 000710 0.02552 GOOD 0.01510 2.ON 3.0 3.75 40W 4.15 sos 100000 2.05000 215250 431013 100000 202000 3.00040 4.12161 5.2004 6.2012 743428 8.58297 9.75663 10.94972 1.00000 203000 3.09090 4.18353 5.30914 6.46841 7.66245 889234 10.15911 1.00000 201750 211351 42305 5:3933 6.5910 783861 213255 1047503 11.36784 100000 204000 112160 2440 541632 663290 7.19829 9.21423 1058200 12.00611 100000 2.04250 31201 426230 544345 667450 29584 9.29671 10.092 12.14622 100000 2.06000 310360 437462 561709 6.97532 19764 100000 2.07000 3.21450 L94 5.75014 7.15329 3.552 10.250 11977 13:81645 680191 1001 9.54911 11.02056 12.57709 11.49132 1218079 3. 4.ON 4.29 SO'S 6.09 7. 14.97154 164 15.7060 17 a Future Value of Annuity of $1 Periods 1 100000 2 2.01000 3 107010 4 4060 5.10101 6.15202 7.21354 3.28567 9.35053 10.46221 Future Value of Annuity of 51 Prinde 1.0 11 11.56683 12.6250 13.800 14 1494742 55 16.0960 16 17.25786 17 18.43044 19.61475 19 20.8 1090 20 2201900 25 28.24020 30 34.73489 Future Value of Annuity of $1 Periods 100000 2 200000 2240 450611 5.66660 7.33593 8.92280 10.63663 12.487 1446 Future Value of Annuity of 51 Periode 12.16872 12.41200 14.60033 15.97294 17.29342 18.6.1920 20 01207 21.41231 2284056 2429737 203030 4056 12.00780 14.19200 15.61779 1702532 18.59091 20.15688 21.6159 23.41444 25.11687 2637037 36.45926 47.57542 13:31200 1481212 165757 17.30135 1965565 21.39274 23.19497 2505478 27.00471 29.0179 4027112 53.79924 13.48635 15.02581 166264 129191 20.02359 21.82453 269751 25.64541 27.67123 247788 41.64591 560844 13.6424 1524309 16.00 1860079 20.94 22.26665 2421290 2624203 283572 3656250 4307648 1420679 15.91713 1271290 19.000 2157856 23.65749 2554037 211230 3030300 3309555 47.72710 46.43835 201507 20.27597 256725 2021280 30.0565 22.55049 2512902 27800 30 34022 13. 37.37895 10.99549 63.24904 N45079 5415451 7305810 WOS 10.0 12.05 1.ON 100000 2.25000 100000 200000 3.27810 457313 590471 7.52333 5.2000 110784 1202104 1519293 1.00000 210000 3.31000 454100 610510 7.71561 43711 11 13.57948 100000 2.11000 334210 420973 622780 791286 978327 100000 2.3000 3.000 44500 6.48022 100000 212000 2340 477933 6.35.25 2 1951 10.00901 12.29900 1477566 12.54674 100000 2.14000 36960 492114 661010 1.53552 1073043 1322276 16.00 10.33730 100000 2.19000 347250 499332 6742 8.75374 1106 100000 2. 20000 16000 5.35800 744160 992993 129150 5.76563 6.20703 112507 15.07349 10.60456 12.75726 15.41571 20790 CODE SE 14 16387 16.12201 3.0 10.0 11.01 13.0 20.0 TI 2.50050 13.0 24321 2.00167 34 35192 175602 2014072 22.95336 20.01910 54.2070 12.03 206545 2013311 2802511 3279200 3727971 2.75323 1664549 18 97713 21.40530 242162 27.15211 2012421 117021 2745024 21.14 2565018 213470 342221 40.41745 4667173 15 16.01 21045 27 27075 3200365 31 50101 14341 S05 55.11760 4.2907 750041 55.21747 1999 7203511 400 150 100 1310055 N 1853117 21.36420 2452271 27.97490 3177243 3.972 05400 15.99917 5115200 57.27500 9034700 16449402 19.56143 22.71319 26.21164 300492 3440536 19 US 50.1994 5590949 54.20711 114.41331 170.02008 33.00340 3697370 4110134 15.0106 51.16012 W TO 15 30 12811 154.74300 5$ 24971 60 7205344 13332 2433200 61.72514 2014041 30463 156.51956 1922 151619 73.107 11128321 2100 271555 34254430 105479116 016 75205X 2161 10244754 21279300 414 1511 20 13629754 1101001 3.0 3.75 GON 7.03 Present Value of Annuity of $1 Period 1 0 2010 2 1.97640 3 2.94099 3.50197 415343 5.79548 6.72819 7.65168 9 256602 10 9.47130 Present Value of Annuity of $1 periods 1.09 0.93039 1.94156 2.88388 3.80773 4.71346 5.60143 6.47199 2.32543 097007 1.91347 2.82061 371710 457971 5.41719 6.23020 701969 7.78611 853020 096386 162207 2.78831 3.65138 4.48326 5.28507 6.05790 6,80200 7.52077 8.21279 0.96154 188609 2.77509 3.62990 445182 5.24214 6.00205 6.73274 7.4353 3.11090 0.95923 1.87935 276190 60861 442071 519974 5.946 6.66378 7.35135 3.01009 185541 2.72325 3.54595 4.32948 507569 6.78637 645321 7.10702 772123 0.340 183339 267301 346511 421236 4.91732 5.58235 6.20979 6.2016 710009 1.00002 262437 3.30721 430020 476654 5.38929 597130 6.55523 7.02358 2 2.10224 8.98259 2.0% 3.09 3.75 4.0 4.25% 5.0% SON 11 12 13 14 15 16 17 18 19 20 25 30 10.36763 11.25500 12.12374 13.00370 1986SOS 1471787 1556225 16.3927 1722601 18.04555 22.02316 25.10771 9.78685 10.57534 11.34837 12.10625 12.84926 1257771 1429187 14.99200 15.67846 16.35149 19.52346 22.39646 9.25262 9.95400 1063496 11.29607 1193794 12.56110 13.16612 12.75351 142330 1487747 1741315 1960044 0.87979 9.52209 10.14236 10.73962 11.31530 11.87017 12.40490 12.92046 13.41731 13.89620 16.04320 17.12925 1.76048 9.38507 9.98565 10.56312 11.118.30 1165230 1216567 12.65930 13.13394 13.59033 15.62200 17.29203 8.64354 9.25039 9.83251 10.39090 10.92652 11.44031 1193315 12 40590 12.85938 13.29437 15.21734 16.77902 8.30641 8.86305 9.39357 9.99864 10.37966 1083777 11 27607 1168959 12.08332 12.45221 14.09394 15.37245 7.8687 8.38384 185250 9.29490 9.71225 10.10500 10.47720 1082760 11.15812 114692 12.78338 13.76430 7.49867 7.94269 35765 8.74547 9.10791 9.44665 9.76322 10.05909 1033560 10.591 11.653 12.40904 10.0% 14.09 15.05 15.0% 030000 Present Value of Annuity of $1 Periode 3.05 9.09 1 0.92593 0.91743 2 1.78326 1.75911 2 257710 2.58129 331213 323972 5 3.99271 3.88965 662288 7 5.20637 503295 B 5.74654 551482 599525 10 6.71008 641766 Present Value of Annuity of $1 Periode 0.0 9.09 0.90909 1.73554 248685 3.16987 3.79079 435526 436642 531490 5.75902 6.14457 11.09 0.90090 1.71252 2.44371 3.10245 3.69590 423054 4.71220 5.19612 5.53705 5.80923 12:0 0.89286 169005 240183 3.03735 3.60478 411141 456376 4.96754 5.32825 5.65022 13.08 0.88496 1 66810 2.36115 297447 151723 199755 442261 087719 164665 2.32163 291371 343300 38867 428830 463886 4.94637 521612 0.88957 162571 2.28323 2059 3.35216 3.7844 4.16042 4.45732 477150 5.01877 20.0% 0.83333 1.52778 2. 10548 2.58873 2.99061 3.32551 360459 2,33716 403097 4.19247 7.95200 2.35150 268920 295142 116114 13091 340313 157050 5.13166 542624 10.0% 11.0 12.05 13.0 15.09 10.05 42705 11 12 14 7.500 7.90378 24424 6.55540 285137 9.12164 9.3710 6.80519 7.16073 7.48690 7.70615 8000 8.11256 5063 3.75562 8.95011 9.12055 5.45277 5.66029 5.34236 6.00207 6.14217 6.26506 6.20652 649236 6.74987 698187 7.19007 7.37916 754870 7.70162 15 16 12 18 19 20 6.49500 6.81369 7.10336 7.36669 760600 7.62371 8.02155 20141 36452 81356 907104 9.42691 5.93770 6.19437 642355 6.62817 6.81086 691399 7.11953 724957 736578 7.46944 784314 8.05518 5.68694 591765 612181 6,30249 6.46238 6.60 6.72909 6.8901 6.93797 7.02475 7.32998 7,49565 5.22371 5.42062 $56.15 5.72448 5.84737 595473 604716 6.12797 6.19023 025930 265640 172512 170010 187400 305926 388741 390933 292794 450250 461057 467547 472954 47163 1219 4050 4GB 494759 45 7.33 842174 6.46742 655037 6,62313 6.17290 7.00266 1087678 1125270 50480 399501 30 1027365 656500 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 1.82. Prepare the journal entries to record the issuance of the bonds and interest payment on June required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the issuance of bonds. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal versin Complete this question by entering your an Req 1 and 2 Reg 3 1.82. Prepare the journal entries to record the issuance of the bonds and interest payment on June 30 of th required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the payment of interest on June 30 using the effective-interest amortization method. Note: Enter debits before credits. Dabit General Journal Date Credit June 30 Record entry Clear entry View general Journal 1.&2. Prepare the journal entries to record the issuance of the bonds and nterest P 3. What bonds payable amount will Park report on its June 30 balance sheet? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 What bonds payable amount will Park report on its June 30 balance sheet? (Enter all PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities