Help please 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 discount, using the straight line method (Round to the nearest dollar ) b The interest payment on June 30,20Y2, and the amortization of the bond discount, 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 less than the face amount of the bonds when the contract rate is less than the market rate of interest 5 Compute the price of $42,051,560 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 Present Value of $1 at Compound Interest Due in n Periods begin tabular lllllllll 21 0 43883 0 39679 0 35894 0 32486 0 29416 0 26648 0 24151 22 0 42196 0 37970 0 34185 0 30793 0 27751 0 25021 0 22571 23 0 40573 0 36335 0 32557 0 29187 0 26180 0 23494 0 21095 24 0 39012 0 34770 0 31007 0 27666 0 24698 0 22060 0 19715 25 0 37512 0 33273 0 29530 0 26223 0 23300 0 20714 0 18425 26 0 36069 0 31840 0 28124 0 24856 0 21981 0 19450 0 17220 27 0 34682 0 30469 0 26785 0 23560 0 20737 0 18263 0 16093 28 0 33348 0 29157 0 25509 0 22332 0 19563 0 17148 0 15040 29 0 32065 0 27902 0 24295 0 21168 0 18456 0 16101 0 14056 30 0 30832 0 26700 0 23138 0 20064 0 17411 0 15119 0 13137 31 0 29646 0 25550 0 22036 0 19018 0 16425 0 14196 0 12277 32 0 28506 0 24450 0 20987 0 18027 0 15496 0 13329 0 11474 33 0 27409 0 23397 0 19987 0 17087 0 14619 0 12516 0 10723 hline 34 0 26355 0 22390 0 19035 0 16196 0 13791 0 11752 0 10022 hline 35 0 25342 0 21425 0 18129 0 15352 0 13011 0 11035 0 09366 hline 40 0 20829 0 17193 0 14205 0 11746 0 09722 0 08054 0 06678 45 0 17120 0 13796 0 11130 0 08988 0 07265 0 05879 0 04761 hline 50 0 14071 0 11071 0 08720 0 06877 0 05429 0 04291 0 03395 hline end tabular Present Value of Ordinary Annuity of $1 per Period 1 Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1,20 Y 1 Refer to the Chart of Accounts for exact wording of account titles dollar ) 3 Determine the total interest expense for 20Y1 Enter amount as a positive number 4 Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate Yes No CHART OF ACCOUNTS Danzer Industries Inc General Ledger 110Cash111PettyCash121AccountsReceivable122AllowanceforDoubtfulAccounts126InterestReceivable127NotesReceivable131MerchandiseInventory141OfficeSupplies142StoreSupplies151PrepaidInsurance191Land192StoreEquipment193AccumulatedDepreciation StoreEquipment194OfficeEquipment195AccumulatedDepreciation OfficeEquipmentASSETS410Sales610InterestRevenue611GainonRedemptionofBondsEXPENSES510CostofMerchandiseSold515CreditCardExpense516CashShortandOver521SalesSalariesExpense522OfficeSalariesExpense531AdvertisingExpense532DeliveryExpense533RepairsExpense534SellingExpenses536InsuranceExpenseREVENUE begin tabular ll LIABILITIES 537 Office Supplies Expe 210 Accounts Payable 538 Store Supplies Expen 221 Salaries Payable 541 Bad Debt Expense 231 Sales Tax Payable 561 Depreciation Expens 232 Interest Payable 562 Depreciation Expens 241 Notes Payable 590 Miscellaneous Expen 251 Bonds Payable 710 Interest Expense 252 Discount on Bonds Payable 711 Loss on Redemption 253 Premium on Bonds Payable hline 311 Common Stock hline 312 Paid In Capital in Excess of Par Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid In Capital in Excess of Par Preferred Stock 331 Paid In Capital from Sale of Treasury Stock 340 Retained Earnings end tabular

Question

Help please 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 discount, using the straight line method  (Round to the nearest dollar ) b  The interest payment on June 30,20Y2, and the amortization of the bond discount, 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 less than the face amount of the bonds when the contract rate is less than the market rate of interest  5  Compute the price of $42,051,560 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  Present Value of $1 at Compound Interest Due in n Periods  begin tabular  lllllllll  21   0 43883   0 39679   0 35894   0 32486   0 29416   0 26648   0 24151    22   0 42196   0 37970   0 34185   0 30793   0 27751   0 25021   0 22571    23   0 40573   0 36335   0 32557   0 29187   0 26180   0 23494   0 21095    24   0 39012   0 34770   0 31007   0 27666   0 24698   0 22060   0 19715    25   0 37512   0 33273   0 29530   0 26223   0 23300   0 20714   0 18425    26   0 36069   0 31840   0 28124   0 24856   0 21981   0 19450   0 17220    27   0 34682   0 30469   0 26785   0 23560   0 20737   0 18263   0 16093    28   0 33348   0 29157   0 25509   0 22332   0 19563   0 17148   0 15040    29   0 32065   0 27902   0 24295   0 21168   0 18456   0 16101   0 14056    30   0 30832   0 26700   0 23138   0 20064   0 17411   0 15119   0 13137    31   0 29646   0 25550   0 22036   0 19018   0 16425   0 14196   0 12277    32   0 28506   0 24450   0 20987   0 18027   0 15496   0 13329   0 11474    33   0 27409   0 23397   0 19987   0 17087   0 14619   0 12516   0 10723     hline 34   0 26355   0 22390   0 19035   0 16196   0 13791   0 11752   0 10022     hline 35   0 25342   0 21425   0 18129   0 15352   0 13011   0 11035   0 09366     hline 40   0 20829   0 17193   0 14205   0 11746   0 09722   0 08054   0 06678    45   0 17120   0 13796   0 11130   0 08988   0 07265   0 05879   0 04761     hline 50   0 14071   0 11071   0 08720   0 06877   0 05429   0 04291   0 03395     hline  end tabular  Present Value of Ordinary Annuity of $1 per Period 1  Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1,20 Y 1  Refer to the Chart of Accounts for exact wording of account titles  dollar ) 3  Determine the total interest expense for 20Y1  Enter amount as a positive number  4  Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate Yes No CHART OF ACCOUNTS Danzer Industries Inc  General Ledger 110Cash111PettyCash121AccountsReceivable122AllowanceforDoubtfulAccounts126InterestReceivable127NotesReceivable131MerchandiseInventory141OfficeSupplies142StoreSupplies151PrepaidInsurance191Land192StoreEquipment193AccumulatedDepreciation StoreEquipment194OfficeEquipment195AccumulatedDepreciation OfficeEquipmentASSETS410Sales610InterestRevenue611GainonRedemptionofBondsEXPENSES510CostofMerchandiseSold515CreditCardExpense516CashShortandOver521SalesSalariesExpense522OfficeSalariesExpense531AdvertisingExpense532DeliveryExpense533RepairsExpense534SellingExpenses536InsuranceExpenseREVENUE  begin tabular  ll  LIABILITIES   537 Office Supplies Expe    210 Accounts Payable   538 Store Supplies Expen    221 Salaries Payable   541 Bad Debt Expense    231 Sales Tax Payable   561 Depreciation Expens    232 Interest Payable   562 Depreciation Expens    241 Notes Payable   590 Miscellaneous Expen    251 Bonds Payable   710 Interest Expense    252 Discount on Bonds Payable   711 Loss on Redemption    253 Premium on Bonds Payable       hline 311 Common Stock       hline 312 Paid In Capital in Excess of Par Common Stock      315 Treasury Stock      321 Preferred Stock      322 Paid In Capital in Excess of Par Preferred Stock      331 Paid In Capital from Sale of Treasury Stock      340 Retained Earnings    end tabular

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Help please calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1,20Y1.

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