Instructions Present Value Tables Chart of Accounts Final outions Instructions Campbell Inc, produces and sells outdoor equipment On July 1, 2011. Campbell issued $84.100.000 of 10 year, 12% bonds at a market effective interest rate of 10%, receiving cash of $94,580,761. Interest on the bonds is payable semiannually on December 31 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, 2011 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 2011, and the amortization of the bond premium, using the straight line method. (Round to the nearest dollar) b. The interest payment on June 30, 2012, and the amortization of the bond premium, using the straight line method. (Round to the nearest dollar) 3. Determine the total interest expense for 2011 4. Wil me bond proceeds always be greater than the face amount of the bonds when the contact rate is greater than the market rate of interest? 5. Compute the price of 594,580,761 received for the bonds by using the present value tables Round to the nearest dollar) "Refer the Chart of Accounts for exact wording of account des 5. Compute the price of $94,580,761 received for the bonds by using the present value tables. Round to the nearest dollar Present value of the face amount Present value of the semiannual interest payments Price received for the bonds Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Present Value Tables Two present value tables are provided. Present Value of $1 at Compound Interest Due in n Periods and Present Value of Ordinary Annuity of $i per Period. Use them as directed in the problem requirements Periods 7% Present Value of $1 at Compound Interest Due in n Periods 4.0% 4.5% 5% 5,5% 6% 6.5% 0.96154 0.95694 0.95238 0.94787 094340 0.93897093458 0.92456 0.91573 0.90703 089845089000 0.88166 0.87344 0.88900 0.87630036384 085161 083962 082785 0.81630 0.85480 083056 012270 080722 0.79209 0.77732 076290 082193 080245 0.78353 0.76513 0.74726 0.72988 0.71299 0.79031 076790 0.74622 072525070496 0.68533066634 0.75992073483 071068 060744 066506 064351 062275 0.73069 070319 067684 065160 062741 060423 058201 070259 067290 064461 061763 059190056735 054393 067556064393 061391058543 055839 053273 0.50835 10 Instructions Present Value Tables Final Questions Instructions Present Value Tables WUX0411 VAVI VIVO 24030 ULZUUU 0.37512 0.36069 0.34682 0.33348 0.32065 0.30832 0.29646 028506 0.27409 026355 0.25342 0.20829 0.17120 0.14071 0.33273 0.29530 0.26223 0.31840 0.28124 0.24856 0,30469 026785 0.23560 0.29157 0.25509022332 0.27902 0.24295 0.21168 026700023138 020064 0.25550 0.22036 0.19018 024450 0.20987 0.18027 023397 0.19987 0.17087 022390 0.19035 0.16196 021425 0.18129 0.15352 017193 0.14205 0.11746 0.13796 0.11130 0.08988 0.11071 0.08720 0.06877 0.23300 021981 0.20737 0.19563 0.18456 0.17411 0.16425 0.15496 0.14619 0.13791 0.13011 0.09722 0.07265 0.05429 0.20714 0.19450 0.18263 0.17148 0.16101 0.15119 0.14196 0.13329 0.12516 0.11752 0.11035 0.08054 0.05879 0.04291 0.18425 0.17220 0.16093 0.15040 0.14056 0.13137 0.12277 0.11474 0.10723 0.10022 0.09366 0.06678 0.04761 003395 35 Instructions | Present Value Tables Chart of Accounts Journal Final Questions Instructions Present Value Tables Present Value of Ordinary Annuity of $1 per Period 4.5% 5% 5.5% 6% Periods 4.0% 6.5% 7% 0.96154 0.95694 0.95238 0.94787 0.94340 1.88609 1.87267 1.85941 1.84632 1.83339 2.77509 2.74896 2.72325 2.69793 2.67301 3.62990 3.58753 3.54595 3.50515 3.46511 4.45182 4.38998 4.32948 4.27028 4.21236 5.24214 5.15787 5.07569 4.99553 4.91732 6.00205 5.89270 5.78637 5.68297 5.58238 6.73274 6.59589 6.46321 6.33457 6.20979 7.435337.268797.10782 6.952206.80169 8.11090 7.91272 7.72173 7.53763 7.36009 8.76048 8.52892 8.30641 8.09254 7.88687 9.38507 9.11858 8.863258.61852 8.38384 9.98565 9.68285 9.39357 9.11708 8.85268 0.93897 0.93458 1.82063 1.80802 2.64848 2.62432 3.42580 3.38721 4.15568 4.10020 4.84101 4.76654 5.48452 5.38929 6.08875 5.97130 6.65610 6.51523 7.18883 7.02358 7.68904 7.49867 8.158737.94269 8.59974 8.35765 13 Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Present Value Tables 14 10.56312 10 22283 9.89864 9.58965 9.294989 01384 8.74547 11 11839 10.7395510379661003758 9.71225 9.40267 0.10791 1165230 11 234021083777 1046216 10.105909.76778 9.44665 17 12 16567 1170710 1127407 10.86461 10.47720 20.1058 9.76322 12.65930 12 159991168959 11 24607 10,82700 10.43247 10.05909 13.13394 12 59329 12.08532 11.60765 11.15812 10.73471 10.33500 20 13.59033 1300794 12 46221 195038 11.46992 11.01851 10.59401 14.02916 1340472 128215 12.27524 1176408 11.28498 10,83553 14.45121378442 13.16300 12.58317 1204158 153520 11.06124 1485684 14.14777 13.48857 12.87504 1230338 11 77014 1127219 24 15 24696 14 495481379864 13.15170 12.55036 11.99074 11.46933 15.62208 14.82821 14.09394 1341393 12.78336 12.19788 11.65358 1598277 15 14661 1437519 1366250 13.00317 12.392371182578 16.329591545130 140430313 89810 1321053 12.57500 1.98671 28 16.66306 15.74287 14.89813 14.1214213.40616 12.74648 1213711 Check My Work Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Present youe avecZUO Present Value Tables 15.98277 16.32959 28 16.66306 16.98371 17.29203 31 17.58849 17.87355 18.14765 34 18.41120 35 18.66461 19.79277 45 20.72004 21.48218 14.02O2I 15.14661 15.45130 15.74287 16.02189 16.28889 16.54439 16.78889 17.02286 17.24676 17.46101 18.40158 19.15635 19.76201 14.09344 13.41593 14.37519 13.66250 14.64303 13.89810 14.89813 14.12142 15.14107 14.33310 15.37245 14.53375 15.59281 14.72393 15.80268 14.90420 16.00255 15.07507 16.192901523703 16.37419 15.39055 17.15909 16.04612 17.77407 16.54773 18.25593 16.93152 1210330 13.00317 13.21053 13.40616 13.59072 13.76483 13.92909 14.08404 14.23023 14.36814 14.49825 15.04630 15.45583 15.76186 12.19100 12.39237 12.57500 12.74648 12.90749 13.05868 13.20063 13.33393 13.45909 13.57661 13.68696 14.14553 14.48023 14.72452 1 035JO 11.82578 11.98671 12.13711 1227767 12.40904 12.53181 12.64656 12.75379 12.85401 12.94767 13.33171 13.60552 13.80075