Face value of bonds Factor from PV of$1 table Amount Interest payment (face value x stated rate for half-year) Factor from PV of annuity table Amount Amount Interest Expense (carrying value 3-: yield for half-year) g Amount g . . l- ------------------------------------------------------------------------------------------------------------- + ------------------ 4 Interest Payment (face value it stated rate for half-year) Amount Amortization of Discount on Bonds Payable Amount ammo EAooount to debit AmountE Aooount to dent\" Amount \"E E "E" Account to credlt __ Amount 1011:15 IAncnunt to debit Amount I """""""""""" AooounttocreottAmount E """""""""""" E """" Aooounttocreutt """""""" """"""""""""" + """"" Amo unt Elnterest Expense {updated carrying value x yt'eld for half-year} AmountE ".1: Interest Payment (face value 1: stated rate fur half-year) Amount Amortization of Discount on Bonds Payable E Amount' E 'u_'___'___ _ \\__ _ l _"'__J' District Water Company issued 10year bonds with a face value of $100,000 and a stated interest rate of 3.0%. The bonds are dated April 1, 2016, and call for semiannual interest payments on each April 1 and October 1. Due to market fluctuations, the bonds actually sold to yield 10.0% per year. Instructions 1. Compute the amount received for the bonds. 2. Compute the rst interest and amortization amounts for the October 1, 2016, payment. 3. Prepare journal entries for the issuance of the bonds and for the rst interest payment 4. Compute the second interest and amortization amounts for the April 1, 2017, payment. Links for PV tables - PV of $1 table - PV of annuity table