Need help with this question Urgently. Thank you

Scott Matthew, Inc. issued $500,000 of 11%, seven-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. X (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Requirements (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) . Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) 3. Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Upon issuance of the bonds payable, the company received Explanations are not required. X Reference Reference Print Done Present Value of Ordinary Annuity of $1 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.626 1.605 1.528 Period 2 0.980 0.961 0.943 0.925 0.90 0.873 0 57 0.842 0.826 0.797 0.769 0.756 0.743 0.718 0.694 2.941 2.884 2.829 2.775 3 2.673 2.624 2.577 77 2.531 2.487 2.402 2. 2.283 2.246 2.174 2.106 Period 3 0.971 0.942 0.915 0.889 0. 64 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2.798 2.690 2.589 Period 4 0.961 0.924 0.888 0.855 0.823 23 0.792 0.763 0 3 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Period 5 4.853 4.713 4.452 9 4.212 4.100 3.993 3 3.890 3.791 3.605 3. 3.352 3.274 3.127 2.991 Period 5 0.951 0.906 0.784 0.747 0.713 0.681 0.621 67 0.519 0.497 0. 76 0.437 0.402 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4. 4.486 4.355 3.889 3.784 3.685 3.498 3.326 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.564 0.507 0.456 0.432 0.410 0.370 0.335 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4 4.288 4.160 4.039 3.812 3.605 Period 7 0.933 0.871 0.813 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.452 0.400 0.376 0.354 0.314 0.279 Period 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.487 4.344 4.078 3.837 Period 8 53 0.789 0.731 0.67 0.627 0.582 0.540 0.502 0.4 0.404 0.351 0.305 0.266 0.233 Period 9 8.566 8.162 7.786 7 7.108 6.802 6.515 6.247 5.995 5.759 5.32 4.607 4.303 4.031 Period 9 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0 0.460 0.424 0.361 0.308 0.284 0.263 0.225 0.194 Period 10 9.471 8.983 8.530 8.111 7.7 2 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 Period 10 0.905 0.820 0.744 0.676 0.614 0.508 0.463 0.322 0.270 0.247 0.227 0 . 162 Period 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5. 5.938 5.453 5.234 5.029 4.656 4 4.327 Period 11 0.896 0.804 0.722 0.650 0.585 0.527 0.475 0.429 0.350 0.287 0.237 0.215 0.195 35 0.162 0.135 Period 12 11.255 10.575 9.9 7.943 7.536 7.161 6.814 6.194 5.6 5.421 5.197 4.439 Period 12 0.887 0.788 0.701 0.625 0.557 57 0.497 0.444 0.397 0.356 0.319 0.257 0.208 0.187 0.168 0.137 0.112 Period 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7. 7.487 7.103 6.424 5.842 5.583 5.342 4.910 4.533 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7. 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 Period 14 0.870 0.758 61 0.577 0.505 0.442 0.340 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 13.865 12.849 11.938 10.380 9.712 9.108 8. 8.061 7.606 6.811 6.142 5.847 5.575 5.092 4.675 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 6 6.974 6.265 5.954 5.669 5.162 4.730 Period 16 0.853 0.728 0.623 0.534 0.458 58 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5.222 4.775 Period 17 0.714 0.605 0.513 0.436 0.371 0.270 0.231 0.1 0.146 0.093 0.080 0.045 Period 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 6.128 5.818 5.273 4.812 Period 18 0.836 0.700 0.587 0.494 0.416 0.350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.038 Period 19 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7.366 6.550 6.198 5.877 5.316 4.844 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.116 0.083 0.070 0.060 0.043 0.031 Period 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 6.623 6.259 5.929 5.353 4.870 Period 20 0.820 0.673 0.377 0.312 0.258 0.215 0 0.149 0.104 0.073 0 |0.051 0.037 0.026 Period 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 2 6.687 6.312 5.973 5.384 4.891 Period 21 0.811 0.439 0.359 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 Period 22 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.442 8.772 7.645 6.743 6.359 6.011 5.410 4.909 Period 22 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.083 0.056 0.046 0.038 0.026 0.018 Period 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 7 7.718 6.792 6.399 6.044 5 5.432 4.925 Period 23 0.795 0.634 0.507 0.406 0.326 0.262 0.211 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 Period 24 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.707 8.985 7.784 6.835 6.434 6.073 5.451 4.937 Period 24 0.788 0.622 0.492 0.390 0.310 0.247 0.197 0.158 0.126 0.102 0.066 0.043 0.035 0.028 0.019 0.01 Period 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.464 6.097 5.467 4.948 Period 25 0.780 0.610 0.478 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.059 0.038 0.030 0.024 0.016 0.010 Period 26 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 7.896 6.9 6.491 6.118 5 4.956 Period 26 0.772 0.598 0.464 0.361 0.281 0.220 0.172 0.135 0.106 0.0 53 0.033 0.026 0.021 0.014 0.009 Period 27 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 6.935 6.514 6.136 5.492 4 |4.964 Period 27 0.764 0.586 0.450 0.347 0.268 0.207 0.161 1 0.125 0.098 0.076 0.047 0.029 0.023 0.018 0.011 0.007 Period 28 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116 9.307 7.984 6.9 6.534 6.152 5.502 4.970 Period 28 0.757 0.574 0.437 0.333 0.255 0.196 10 0.116 0.090 0.069 0.042 0.026 0.020 0.016 0.010 0.006 Period 29 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.370 8.022 6.983 6.551 6.166 5.510 4.975 Period 29 0.749 0.563 63 0.424 0.321 0.243 0.185 0.141 0.107 0.082 0.0 0.063 0.037 0.022 0.017 0.014 0.008 0.005 Period 30 25.808 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.055 7.003 6.566 6.177 5. 5.517 4.979 Period 30 0.742 0.552 0.412 0.308 0.231 0.174 0.131 1 0.099 0.075 0.057 0.033 0.020 0.015 0.012 0.007 0.004 Period 40 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 8.244 7.105 6.642 6.233 5.548 4.997 Period 40 0.672 0.453 0.307 0.208 0.142 0.097 0.067 0.046 0.032 0.022 0.011 0.005 0.004 0.003 0.001 0.001 Period 50 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 8.304 7.133 6.661 6.246 5.554 4.999 Period 50 0.608 0.372 0.228 0.141 0.087 0.054 0.034 0.021 0.013 0.009 0.003 0.001 0.001 0.001Scott Matthew, Inc. issued $500,000 of 11%, seven-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) Upon issuance of the bonds payable, the company received X - X Reference Reference Future Value of Ordinary Annuity of $1 Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% Period 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 Period 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 Period 2 2.010 2.020 2.030 2.040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 Period 2 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166 1.188 1.210 1.254 1.300 1.323 Period 3 3.030 3.060 3.091 3.122 3.153 3.184 3.215 3.246 3.278 3.310 3.374 3.440 3.473 Period 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.405 1.482 1.521 Period 4 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4.506 4.573 4.641 4.779 4.921 4.993 Period 4 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.360 1.412 1.464 1.574 1.689 1.749 Period 5 5.101 5.204 5.309 5.416 5.526 5.637 7 5.751 5.867 5.985 6.105 6.353 6.610 6.742 Period 5 1.051 1.104 1.159 1.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 Period 6 6.152 6.308 6.468 6.633 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 Period 6 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.195 2.313 Period 7 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.923 9.200 9.487 10.09 10.73 11.07 Period 7 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.714 1.828 1.949 2.211 2.502 2.660 Period 8 .286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 11.03 11.44 12.30 13.23 13.73 Period 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 Period 9 9.369 9.755 10.16 10.58 11.03 11.49 1 11.98 12.49 13.02 13.58 14.78 16.09 16.79 Period 9 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.999 2.172 2.358 2.773 3.252 2 3.518 Period 10 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.19 15.94 17.55 19.34 20.30 Period 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 Period 11 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.04 24.35 Period 11 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4.652 Period 12 12.68 13.41 14.19 15.03 15.92 16.87 17.89 18.98 20.14 21.38 24.13 27.27 29.00 Period 12 1.127 1.268 1.426 1.601 1.796 2.012 2 2.252 2.518 2.813 3.138 3.896 4.818 5.350 Period 13 13.81 14.68 15.62 16.63 17.71 18.68 20.14 21.50 22.95 24.52 28.03 32.09 34.35 Period 13 1.138 1.294 1.469 1.665 1.886 2.133 2.410 2.720 3.066 3.452 4.363 5.492 6.153 Period 14 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 Period 14 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 7 6.261 7.076 Period 15 16.10 17.29 18.60 20.02 21.58 23.28 2 25.13 27.15 29.36 31.77 37.28 343.84 47.58 Period 15 1.161 1.346 1.558 1.801 2.079 2.397 7 2.759 3.172 3.642 4.177 5.474 7.138 8.137 Period 16 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 Period 16 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.137 9.358 Period 17 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 Period 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 4 6.866 9.276 10.76 Period 18 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 0 55.75 68.39 75.84 Period 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.560 7.690 10.58 12.38 Period 19 20.81 22.84 25.12 27.67 30.54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 Period 1 1.208 1.457 1.754 2.107 2.527 3.026 3.617 4.316 5.142 6.116 8.613 12.06 14.23 Period 20 22.02 24.30 26.87 29.78 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 Period 20 1.220 1.486 1.806 2.191 2.653 3.207 3.870 4.661 5.604 6.727 9.646 13.74 16.37 Period 21 23.24 25.78 28.68 31.97 35.72 39.99 44.87 50.42 56.76 64.00 81.70 104.8 118.8 Period 21 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 7 18.82 Period 22 24.47 27.30 3 10 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 Period 22 1.245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 8.140 12.10 17.86 21.64 Period 23 25.72 28.85 32.45 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 Period 23 1.257 1.577 1.974 2.465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 2 24.89 Period 24 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 118.2 158.7 184.2 Period 24 1.270 1.608 2.033 2.563 3.225 4.049 5.072 6.341 7.911 9.850 0 15.18 23.21 28.63 Period 25 28.24 32.03 36.46 41.65 47.73 54.86 63.25 73.11 84.70 98.35 133.3 181.9 212.8 Period 25 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.83 17.00 26.46 6 32.92 Period 26 29.53 33.67 38.55 44.31 51.11 59.16 68.68 79.95 93.32 109.2 150.3 208.3 245.7 Period 26 1.295 1.673 2.157 2 2.772 3.556 4.549 5.807 7.396 9.399 11.92 19.04 30.17 37.86 Period 27 30.82 35.34 40.71 47.08 54.67 63.71 74.48 87.35 102.7 121.1 169.4 238.5 283.6 Period 27 1.308 1.707 2.221 2.883 3.733 4.822 6.214 7.988 10.25 13.11 21.32 34.39 43.54 Period 28 32.13 37.05 42.93 49.97 58.40 68.53 80.70 95.34 113.0 134.2 190.7 272.9 327.1 Period 28 1.321 1.741 2.288 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50.07 Period 29 33.45 38.79 45.22 52.97 62.32 73.64 87.35 104.0 124.1 148.6 214.6 312.1 377.2 Period 2 1.335 1.776 2.357 3.119 4.116 5.418 7.114 9.317 12.17 15.86 26.75 44.69 57.58 Period 30 34.78 40.57 47.58 56.08 66.44 79.06 94.46 113.3 136.3 164.5 241.3 356.8 434.7 Period 30 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.06 13.27 17.45 29.96 50.95 66.21 Period 40 48.89 60.40 75.40 95.03 120.8 154.8 199.6 259.1 337.9 442.6 767.1 1,342 1,779 Period 40 1.489 2.208 3.262 4.801 7.040 10.29 14.97 21.72 31.41 45.26 5 188.9 267.9 Period 50 64.46 84.58 112.8 152.7 209.3 290.3 406.5 573.8 815.1 1,164 2,400 4,995 7,218 Period 50 1.645 2.692 4.384 7.107 11.47 18.42 29.46 46.90 74.36 117.4 289.0 700.2 1,084