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Help please and June 30 . The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount

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and June 30 . The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1,20Y1.* 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31,20Y1, and the amortization of the bond premium, using the straight-line method. (Round to the nearest dollar.) b. The interest payment on June 30,20Y2, and the amortization of the bond premium, using the straight-line method. (Round to the nearest dollar.) 3. Determine the total interest expense for 20Y1. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $83,512,668 received for the bonds by using the present value tables. (Round to the nearest dollar.) *Refer to the Chart of Accounts for exact wording of account titles. Two present value tables are provided: Present Value of $1 at Compound Interest Due in n Periods and Present Value of Ordinary Annuity of $1 per Period. Use them as directed in the problem reo Present Value of $1 at Compound Interest Due in n Periods \begin{tabular}{cccccccc} \hline Periods & 4.0% & 4.5% & 5% & 5.5% & 6% & 6.5% & 7% \\ \hline 1 & 0.96154 & 0.95694 & 0.95238 & 0.94787 & 0.94340 & 0.93897 & 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 & 0.83962 & 0.82785 & 0.81630 \\ 4 & 0.85480 & 0.83856 & 0.82270 & 0.80722 & 0.79209 & 0.77732 & 0.76290 \\ 5 & 0.82193 & 0.80245 & 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 & 0.62741 & 0.60423 & 0.58201 \\ 9 & 0.70259 & 0.67290 & 0.64461 & 0.61763 & 0.59190 & 0.56735 & 0.54393 \\ 10 & 0.67556 & 0.64393 & 0.61391 & 0.58543 & 0.55839 & 0.53273 & 0.50835 \\ 11 & 0.64958 & 0.61620 & 0.58468 & 0.55491 & 0.52679 & 0.50021 & 0.47509 \\ 12 & 0.62460 & 0.58966 & 0.55684 & 0.52598 & 0.49697 & 0.46968 & 0.44401 \\ 13 & 0.60057 & 0.56427 & 0.53032 & 0.49856 & 0.46884 & 0.44102 & 0.41496 \\ 14 & 0.57748 & 0.53997 & 0.50507 & 0.47257 & 0.44230 & 0.41410 & 0.38782 \\ 15 & 0.55526 & 0.51672 & 0.48102 & 0.44793 & 0.41727 & 0.38883 & 0.36245 \\ 16 & 0.53391 & 0.49447 & 0.45811 & 0.42458 & 0.39365 & 0.36510 & 0.33873 \\ 17 & 0.51337 & 0.47318 & 0.43630 & 0.40245 & 0.37136 & 0.34281 & 0.31657 \\ 18 & 0.49363 & 0.45280 & 0.41552 & 0.38147 & 0.35034 & 0.32189 & 0.29586 \\ 19 & 0.47464 & 0.43330 & 0.39573 & 0.36158 & 0.33051 & 0.30224 & 0.27651 \end{tabular} 202122232425262728293031323334354045500.456390.438830.421960.405730.390120.375120.360690.346820.333480.320650.308320.296460.285060.274090.263550.253420.208290.171200.140710.414640.396790.379700.363350.347700.332730.318400.304690.291570.279020.267000.255500.244500.233970.223900.214250.171930.137960.110710.376890.358940.341850.325570.310070.295300.281240.267850.255090.242950.231380.220360.209870.199870.190350.181290.142050.111300.087200.342730.324860.307930.291870.276660.262230.248560.235600.223320.211680.200640.190180.180270.170870.161960.153520.117460.089880.068770.311800.294160.277510.261800.246980.233000.219810.207370.195630.184560.174110.164250.154960.146190.137910.130110.097220.072650.054290.283800.266480.250210.234940.220600.207140.194500.182630.171480.161010.151190.141960.133290.125160.117520.110350.080540.058790.042910.258420.241510.225710.210950.197150.184250.172200.160930.150400.140560.131370.122770.114740.107230.100220.093660.066780.047610.03395 Present Value of Ordinary Annuity of $1 per Period \begin{tabular}{lllllllll} 22 & 14.45112 & 13.78442 & 13.16300 & 12.58317 & 12.04158 & 11.53520 & 11.06124 \\ \hline 23 & 14.85684 & 14.14777 & 13.48857 & 12.87504 & 12.30338 & 11.77014 & 11.27219 \\ \hline 24 & 15.24696 & 14.49548 & 13.79864 & 13.15170 & 12.55036 & 11.99074 & 11.46933 \\ \hline 25 & 15.62208 & 14.82821 & 14.09394 & 13.41393 & 12.78336 & 12.19788 & 11.65358 \\ \hline 26 & 15.98277 & 15.14661 & 14.37519 & 13.66250 & 13.00317 & 12.39237 & 11.82578 \\ \hline 27 & 16.32959 & 15.45130 & 14.64303 & 13.89810 & 13.21053 & 12.57500 & 11.98671 \\ \hline 28 & 16.66306 & 15.74287 & 14.89813 & 14.12142 & 13.40616 & 12.74648 & 12.13711 \\ \hline 29 & 16.98371 & 16.02189 & 15.14107 & 14.33310 & 13.59072 & 12.90749 & 12.27767 \\ \hline 30 & 17.29203 & 16.28889 & 15.37245 & 14.53375 & 13.76483 & 13.05868 & 12.40904 \\ \hline 31 & 17.58849 & 16.54439 & 15.59281 & 14.72393 & 13.92909 & 13.20063 & 12.53181 \\ \hline 32 & 17.87355 & 16.78889 & 15.80268 & 14.90420 & 14.08404 & 13.33393 & 12.64656 \\ \hline 33 & 18.14765 & 17.02286 & 16.00255 & 15.07507 & 14.23023 & 13.45909 & 12.75379 \\ \hline 34 & 18.41120 & 17.24676 & 16.19290 & 15.23703 & 14.36814 & 13.57661 & 12.85401 \\ \hline 35 & 18.66461 & 17.46101 & 16.37419 & 15.39055 & 14.49825 & 13.68696 & 12.94767 \\ \hline 40 & 19.79277 & 18.40158 & 17.15909 & 16.04612 & 15.04630 & 14.14553 & 13.33171 \\ \hline 5 & 20.72004 & 19.15635 & 17.77407 & 16.54773 & 15.45583 & 14.48023 & 13.60552 \\ \hline 21.48218 & 19.76201 & 18.25593 & 16.93152 & 15.76186 & 14.72452 & 13.80075 \\ \hline \end{tabular} 1. and 2. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Round to the nearest dollar. 3. Determine the total interest expense for 20Y1. Enter amount as a positive number. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Yes No 5. Compute the price of $83,512,668 received for the bonds by using the present value tables. Round to the nearest dollar. CHART OF ACCOUNTS Campbell Inc. General Ledger ASSETS110Cash111PettyCash121AccountsReceivable122AllowanceforDoubtfulAccounts126InterestReceivable127NotesReceivable131MerchandiseInventory141OfficeSupplies142StoreSupplies151PrepaidInsurance191Land192StoreEquipment193AccumulatedDepreciation-StoreEquipment194OfficeEquipment195AccumulatedDepreciation-OfficeEquipmentLIABILITIESREVENUE410Sales610InterestRevenue611GainonRedemptionofBondsEXPENSES510CostofMerchandiseSold515CreditCardExpense516CashShortandOver521SalesSalariesExpense522OfficeSalariesExpense531AdvertisingExpense532DeliveryExpense533RepairsExpense534SellingExpenses535RentExpense536InsuranceExpense537OfficeSuppliesExpense

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