Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Campbell no produces and sells outdoor equipment. On July 1, Year 1. Campbell Inc issued $21,000,000 of 10-year, 13% bonds at a market (effective interest rate of 12%, receiving cash of $22.204 241. Interest on the bonds is payable semiannually on December 31 and June 30 The fiscal year of the company is the calendar year Required: Journakze the entry to record the amount of cash proceeds from the issuance of the bonds on July 1. Your 1. 2. Journalize the entries to record the following The first semiannual interest payment on December 31 Year 1, and the amortization of the bond premium using the straight-line method (Round to the nearest dollar) The interest payment on June 30 Year 2, and the amortization of the bond premium, using the straight ne method (Round to the nearest dolar) 3. Determine the total interest expense for Year 1 4. Ww 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. Computer the price of $22,204,241 received for the bonds by using the tables shown in Present Value Tables (Round to the nearest dollar) "Refer to the Chart of Accounts for exact wording of account es Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Present Value Tables Two pesem value tables are provided Present Value of $1 at Compound interest Due Inn Periods and Present Value of Ordinary Annuity of 81 per Period. Use them as trenched in the problem requirement Periods 7% 0.93450 1 2 0.87344 3 0.81630 4 0.76290 5 0.71299 6 0.00034 0.62275 7 Present Value of $1 at Compound Interest Due in n Periods 4.0% 4.6% 6.5% 0.96154 0 95694 093238 094787 0.94340 0.9387 0.92456 091573 0.90703 0.89845 0.89000 0.88106 0.38900 0.37630 0.86364 0.85161 0.83962 0.82785 0.85480 0.83856 0.82270 0.80722 0.79200 0.77732 082193 0.80245 0.78353 0.76613 0.74726 0.72988 0.79031 076790 0.74622 0.72525 0.70400 0.60533 0.76002 0.73483 0.71008 068744 0.66506 064351 0 73000 0.70319 067684 0.65160 0.62741 060423 0.67200 070269 0.66661 0.61703 0.56735 059190 0.67556 0 64390 0,61391 58543 0.5639 053273 0.64950 061620 56406 055491 0.52679 50021 0.02400 0.66614 052508 0.40097 04606 060057 0.6697 053030 040056 0460 0:44102 0.5774 0 53007 05050 0.47257 044250 0.41410 0.56620 0.51672 0.48102 044700 041727 0.36000 061191 0.40447 0.45011 0424 03905 0.36510 051337 0 4731 043630 040245 O 37136 054281 0 58201 054393 9 10 11 050835 047600 044401 12 13 041400 0.36702 14 15 0 30245 10 033073 17 031667 Previous Next Check My Work Sub Asment for Gradu Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions 0.47318 0.43630 Present Value Tables 0.51337 ta 049303 18 047464 20 045639 0.37136 0.35034 0.45280 040245 038147 0.36158 041552 0.43300 0.33051 0.39573 0.37889 041604 0.31180 21 030670 0.35894 0.34273 032486 030790 6.43853 0.42196 0.2410 0.37970 0.34105 034281 0.31667 032189 0 30224 0.27661 028380 0.25042 026648 024151 025023 0.22571 023494 021096 022000 0.1975 020714 0.16425 0.10450 0.17220 018203 0.16093 0.17140 0.15040 23 0.29187 027606 24 0.40673 0.0012 0.37512 0.36000 0.36335 0.34770 033273 0.27751 025180 0.2010 0.23300 021085 0.32567 031007 029530 0.20124 0.26223 0 24656 27 0.34602 0 23500 0.20737 031840 0 30460 0.29157 027002 20 0.3318 0.1963 0 26785 0.25000 0.24295 023130 20 0.32065 00032 022332 021100 020064 0.19010 1027 01:46 011411 026700 0 2900 0.2940 016425 22 022036 0 2007 0 1 020500 0.77400 0.1540 0 1700 0 24450 02.07 020300 021425 016010 0.13791 0 16101 0.14000 015119 013139 0.14100012277 0.13020 0 11474 012016 0.1073 0.11752 0.10022 0.11035 0.0830 0.00054 0.0067 0.06870 004701 41 Am 34 010035 0.16100 0.119 0 13011 0.26355 025342 02429 0.17120 010125 0 14205 0.1713 45 0.13700 051130 0 1174600022 0.000 07265 20 La naran Previous Next Check My Work All work wed Save and Submit Assen for Grading Instructions Present Value Tables Chart of Accounts Journal Final Questions Present Value Tables 50 0.14071 0.11011 0.08720 0.06877 0.05429 0.04291 0.03395 Periods 7% 1 0.93458 2 1.80800 3 262432 4 5 3.38721 4.10020 4.76654 0 7 539929 5.97130 8 Present Value of Ordinary Annuity of $1 per Period 4.0% 4.5% 5% 5.5% 6% 6.5% 0.96151 0.95694 0.95238 0.94787 0.94340 093897 1 88009 1.87267 1 85041 184832 1.83339 82063 2.77509 2.74896 2.72325 269793 267301 26440 3.62990 3.58753 3.54595 3.50515 3.46511 342580 4.45182 4.38998 432948 4.27020 4.21236 4 15568 5.24214 5.15787 5.07509 4.99553 4.91732 4.84101 600205 5.89270 5.78637 5.68297 5.58238 545452 5.73274 6.59589 646321 6.33457 6 20979 5.08875 7.43633 7.26879 7.10782 695220 6.80169 6.65610 8.11090 791272 7.72173 753763 736000 7.18883 3.78048 852892 8.30641 8.09254 7.88687 768904 930007 9.11858 886325 8.61852 838354 815073 2.90500 9.68285 9.30357 0.11700 885260 8.59974 10.66312 10.22283 0.09864 9.58065 929498 9.01364 11.11830 10 72065 1037966 1003758 9.71225 9.40267 11.69230 11 23402 10 83777 10.46216 10.10500 9 70770 12.46567 11 70710 1127407 10.36161 10.47720 10.11050 1265930 12 16000 11 69 11.24607 10.82700 10.45247 6.51523 10 7.02350 7.49067 11 12 13 7.94269 8.36765 8.74547 0.10791 15 9.44065 9.76322 17 10 10 000 Previous Next Check My Work Save and it Submit Assignment for All work saved Instructions Present Value Tables Chart of Accounts Journal Final Questions 11.68950 1124607 10.82760 10.43247 10.05009 Present Value Tables 18 1265930 19 13.13394 20 13.59033 12.15999 12.59329 13.00794 11,50765 11.15812 10.73471 10.33560 12.08532 12.46221 11.95038 11.40992 11.01851 10.59401 21 14.02916 12.82115 12 27524 11 76400 10.83553 11 28498 11 53520 22 1340472 13.78442 14.14777 14.45112 12.04158 13.16300 13 48857 1106124 11 27219 23 1258317 12 87504 1315170 14 899634 1230338 11.77014 24 14.49548 1255036 11.99074 11 40933 15 24696 15.62208 13.79864 14.09394 25 14.82821 13 41393 12.78335 12.1978 1165360 15.08277 14.37519 11 82578 16.14661 15.45130 1300317 13.21053 12 39237 12.57500 27 16.32959 14.64303 13.06250 13.89810 14.12142 1433310 15 66306 15.74287 12.74048 14 89813 15 14107 8 8 8 8 8 16.98371 11 98671 12.13711 12 27767 12 40004 13.40616 13.59072 13.76483 13.92900 12.90749 13.05668 16.02189 16 2009 16 54439 17 29203 14.53375 14.72303 31 12 53181 17.68849 17 87355 14.0604 13 20053 13.33393 1345900 32 1264656 14 00420 15.07507 12.75370 18.14765 18.41120 12.85401 15 23703 15.37245 15.59281 15.80268 16.00255 16.19290 1637419 17. 15000 17 77407 1020003 34 35 16.78800 17 02206 17 24670 17 46101 18.40158 19.15635 16.32066 13.57661 13 6006 14.14553 12.04767 14.23023 14 36814 14 40026 1504030 1545603 15.76156 1333171 18 66461 10.79277 20.72004 21 46210 40 1004612 16 54773 1448023 1300002 45 10 76201 10 16 93152 14.7252 131 00075 Previous Next Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Ins Chart of Accounts . 52 ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 510 Interest Revenue 611 Gain on Redemption of Bonds 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise inventory 141 Omce Supplies 142 Store Supplies 151 Prepaid insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Orice Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Merchandise Gold 515 Credit Card Expense 616 Cash short and Over 521 Sten Salaries Expense 522 Office Staries Expense 531 Advertising Expense 632 Delvery Expense 533 Repars Expense 534 Seling Expenses 535 Rent Expense 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Expenso 541 Bad Debt Expense LIABILITIES 210 Accounts Payable 221 Salaries Payabile eBook Bond premium, entries for bonds payable transactions Journal Chart of Accounts Final Questions Instructions Present Value Tables ins C Chart of Accounts LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense Store Equipment 562 Depreciation Expertence Equipment 500 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid-in Capital in Excess of Par Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-in Capital in Excess of Pa Prefemed Stock 331 Paid in Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Previous Next > Check My Work Submit Assignment for Grading Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Journal 1 1. Journaize the entry to record the amount or cash proceeds from the issuance of the bonds on wy 1, Your 1. Peter to the Chart of Accounts for exact wording of account theory MOE 10 JOURNAL ACCOUNTING EQUATION POSTE DATE DELIT ASSETS DESCRIPTION LATES CREDIT EQUITY 1 20 Journalize me entry to record the first semiannual interest payment on December 31 Yeart and the amortization of the bond premium wing the straightine method. Houd me nearest dollar. Refer to the Chart of Accounts for exact wording of accounts NGEN JOURNAL ACCOUNTING EQUATION CREO POST. AT LIBUS TY DESCRIPTION Previous Next Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chaitot Accounts Journal Final Questions Journal PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DENT CREDIT ASICS LILITIES EQUITY 20. Journalize the entry to record the interest payment on June 30 Year 2. and the amortization of the bond premium, sing the right weilied Mound to the core Refer to me Chart of Accounts for exact wording of accountitles HE 10 JOURNAL ACCOUNTING EQUATION POSTRE DESCRIPTION DUE CREDIT AT LARUTII LOTY DATE