JOU Instructions Campbell Inc, produces and sells outdoor equipment. On July 1, 20Y1, 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, 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. se veeney Teve om or Cort pruuttuu TUTTE vuance ori vorworrorycorta 2. Joumalize 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. Wat 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 $94.580.761 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 51 per Period. Use them as directed in the problem requirements. Present Value of $1 at Compound Interest Due in n Periods Periods 4.0% 4.5% 5% 5.5% 6% 6.5% 7% 1 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 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 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 Final Questions O Varro Tur 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 0.29586 0.38147 0.35034 0.32189 19 47464 043330 n 39573 0 36158 030224 0.27651 0.33051 ve 19 20 22 23 24 0.47464 043330 0.39573 0.36158 0.33051 0.30224 027051 0.45639 0.41464 0.37689 0.34273 031180020300 025642 0.43883 0.39679 0.36894 0.32486 0.29410 0.20648 024161 0.42196 0.37970 0.34185 0.30793 0.27751 0.26021 022571 0.40573 0.36335 0.32567 0.29187 0.26180 0.23404 0.21095 0.39012 0.34770 0.31007 0.27606 024098 0.22000 0.19716 0.37512 0.33273 0.29530 0.26223 0.23300 0.20714 0.18426 0.36069 0.31840 0.28124 0.24856 0.21081 0.19450 0.17220 0.34682 0.30469 0.26785 0.23560 0.20737 0.18263 0.16093 0.33348 0.29157 0.25509 0.22332 0.19663 0.17148 0.16040 0.32065 0.27902 0.24295 0.21168 0.18450 0.10101 0.14050 25 26 27 28 29 R22 26700 2219 90 011 31 8 8 8 8 8 8 8 0.32065 0.27902 0.24295 0.21168 0.18456 0.16101 0.14056 0.30832 0.26700 0.25138 0.20064 0.17411 0.15119 0.13137 0.29646 0.25550 0.22036 0.19018 0.16425 0.14196 0.12277 0.28506 0.24450 0.20987 0.18027 0.15496 0.13329 0.11474 0.27409 0.23397 0.19987 0.17087 0.14619 0.12516 0.10723 0.26355 0.22390 0.19035 0.16196 0.13791 0.11752 0.10022 0.25342 0.21425 0.18129 0.15352 0.13011 0.11035 0.09366 0.20829 0.17199 0.14205 0.11746 0.09722 0.08054 0.06678 0.17120 0.13796 0.11130 0.08988 0.07265 0.05879 0.04761 0.14071 0.11071 0.08720 0.06877 0.05429 0.04291 0.03395 Present Value of Ordinary Annuity of $1 per Period TUTT VOTUTO Present Value of Ordinary Annuity of $1 per Period 4.5% 5% 6% Periods 4.0% 5.5% 6.5% 7% 1 0.96154 0.95694 0.95238 0.94787 0.94340 0.93897 0.93458 2 1.88609 1.87267 1.85941 1.84632 1.83339 1.82063 1.80802 3 2.77509 2.74896 2.72325 2.69793 2.67301 2.64848 2.62432 4 3.62990 3.58753 3.54595 3.50515 3.46511 3.42580 3.38721 5 4.45182 4.38998 4.32948 4.27028 4.21236 4.15568 4.10020 6 5.24214 5.15787 5.07569 4.99553 4.91732 4.84101 4.76654 7 6.00205 5.89270 5.78637 5.68297 5.58238 5.48452 5.38929 8 6.73274 6.59589 6.46321 6.33457 6.20979 6.08875 5.97130 9 7.43533 7.26879 7.10782 6.95220 6.80169 6.65610 6.51523 10 8.11090 791272 7.72173 753763 786009 Z 18883 202358 Chart of Accounts Journal X 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 JOURNAL ACCO DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS 3 cord the transactions. Refer to the Chart of Accounts for exact wording of account titles. Round to the nearest dollar PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT AS LIABILITIES EQUITY