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On January 1, 2020, Stellar Corporation purchased a newly issued $1,275,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every
On January 1, 2020, Stellar Corporation purchased a newly issued $1,275,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Stellar's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, e.g. 52.75.) PV SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75.) Cash Received Interest Revenue Date Discount Amortization Amortized Cost (Present Value) Jan. 1, 2020 $ June 30, 2020 $ $ Dec. 31, 2020 June 30, 2021 Dec. 31, 2021 June 30, 2022 Dec. 31, 2022 Prepare the journal entries on the books of Stellar Corporation for each of the following dates. Cound answers to declinal. 52:25. Caccount titles amatically indented when the amount is er no norimemsifty is requirt sef "No Entry for the account titles and enter for them.) January 1, 2020 June 30, 2020 October 31, 2020 . December 31, 2020 . December 31, 2022 (two entries) one for interest and one for maturity of bond Bale Account Titles and Explanation Debat Credit June 30, 2020 Oct. 31, 2020 Dec 31, 2020 Der 31, 2002 To record collection of interest Dec 31, 2032 ow To co maturity of bond PRESENT VALUE OF 1 (PRESENT VALUE OF A SINGLE SUM) PVF.. = 1 = (1+1)* (1+i)" periods 2% 242% 3% 4% 5% 6% B% 9% 10% 11% 12% 15% ] 2 3 4 5 .98039 .96117 .94232 .92385 .90583 .97561 .95181 .92860 190595 .88385 .97087 .94260 .91514 .88849 .86261 .96156 .92456 .88900 .85480 .82193 .95238 .90703 86384 .82270 .78353 .94340 .89000 .83962 .79209 .74726 .92593 .85734 .79383 .73503 .68058 .91743 .B4168 .77218 .70843 .64993 .90909 .82645 .75132 .68301 .62092 .90090 .81162 .73119 .65873 .59345 .89286 .79719 .71178 .63552 .56743 86957 .75614 .65752 .57175 .49718 6 7 8 9 10 .88797 .87056 .85349 .83676 .82035 .86230 .84127 .82075 .80073 .78120 .83748 .81309 .78941 .76642 .74409 .79031 .75992 .73069 .70259 .67556 .74622 .7106B .67684 .64461 .61391 .70496 .66506 .62741 .59190 .55839 .63017 .58349 .54027 .50025 .46319 159627 .54703 .50187 46043 .42241 .56447 .51316 .46651 .42410 .38554 .53464 48166 .43393 39092 -35218 .50663 45235 40388 .36061 .32197 43233 37594 .32690 28426 .24719 11 12. 13 14 15 .80426 .78849 .77303 .75788 .74301 .76214 74356 .72542 .70773 -69047 .72242 .70138 .68095 .66112 .64186 ,64958 .62460 .60057 .57748 .55526 .58468 .55684 .53032 50507 .48102 .52679 .49697 .46884 ,44230 .41727 ,42888 .39711 .36770 .34046 31524 38753 .35554 32618 29925 27454 .35049 .31863 .28966 .26333 .23939 31728 .28584 .25751 23199 20900 28748 25668 22917 20462 .18270 21494 .18691 .16253 .14133 .12289 16 17 18 19 20 72845 .71416 .70016 .68643 .67297 .67362 .65720 .64117 .62553 .61027 .62317 .60502 .58739 .57029 .55368 .53391 .51337 .49363 .47464 .45639 45811 43630 41552 39573 .37689 .39365 .37136 135034 .33051 .31180 29189 27027 25025 .23171 ,21455 .25187 23107 21199 .19449 .17843 .21763 .19785 .17986 .16351 .14864 .18829 .16963 .15282 .13768 .12403 .16312 .14564 .13004 .11611 .10367 .10687 .09293 08081 .07027 .06110 21 22 23 24 25 .65978 .64684 .63416 .62172 .60953 ,59539 .58086 .56670 .55288 :53939 .53755 .52189 .50669 .49193 .47761 .43883 .42196 40573 39012 37512 .35894 34185 .32557 31007 .29530 29416 .27751 .26180 .24698 .23300 .19866 .18394 .17032 .15770 .14602 .16370 .15018 .13778 .12641 .11597 .13513 .12285 .11168 .10153 .09230 .11174 10067 .09069 .08170 .07361 .09256 .08264 .07379 .06588 .05882 .05313 .04620 .04017 03493 03038 26 27 28 29 30 -59758 58586 -57437 .56311 .55207 .52623 .51340 50088 48866 .47674 46369 .45019 43708 42435 41199 36069 34682 33348 .32065 30832 .28124 .26785 .25509 .24295 23138 .21981 .20737 .19563 .18456 .17411 .13520 .12519 .11591 .10733 .09938 .10639 .09761 .08955 .08216 .07537 .08391 .07628 .06934 .06304 .05731 .06631 .05974 .05382 .04849 .04368 .05252 04689 04187 .03738 .03338 .02642 02297 .01997 .01737 .01510 .05210 .04736 31 32 33 34 35 .54125 .53063 .52023 .51003 50003 46511 .45377 44270 .43191 .42137 .39999 .38834 .37703 36604 35538 .29646 .28506 27409 26355 25342 .22036 20987 .19987 .19035 18129 .16425 .15496 -14619 .13791 13011 .09202 .08520 .07889 .07305 .06763 .06915 .06344 .05820 .05340 .04899 .04306 .03935 03545 .03194 .02878 .02592 02980 02661 02376 02121 .01894 .01313 01142 .00993 00864 .00751 .03914 .03558 36 37 38 39 40 49022 48061 47119 46195 45289 .41109 40107 39128 38174 -37243 34503 33498 32523 31575 .30656 .24367 23430 .22529 21662 20829 .17266 .16444 .15661 .14915 .14205 -12274 .11579 10924 10306 .09722 .06262 .05799 05369 .04971 04603 .04494 .04123 .03783 03470 03184 .03235 .02941 .02674 .02430 .02210 02335 .02104 .01896 01708 .01538 01691 .01510 01348 01204 101075 .00653 .00568 00494 .00429 200373 PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 (1+i)" PVF-04,= (n) periods 2% 21/2% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% 1 2 3 4 5 .98039 1.94156 2.88388 3.80773 -4.71346 .97561 1.92742 2.85602 3.76197 4.64583 .97087 1.91347 2.82861 3.71710 4.57971 .96154 1.88609 2.77509 3.62990 4.45182 .95238 1.85941 2.72325 3.54595 4.32948 .94340 1.83339 2.67301 3,46511 4.21236 92593 1.78326 2.57710 3.31213 3.99271 91743 .90909 .90090 .89286 .86957 1.75911 1.73554 1.71252 1.69005 1.62571 2.53130 2.48685 2.44371 2.40183 2.28323 3.23972 3.16986 3.10245 3.03735 2.85498 3.88965 3.79079 3.69590 3.60478 3.35216 6 7 8 9 10 5.60143 6.47199 7.32548 8.16224 8.98259 5.50813 6.34939 7.17014 7.97087 8.75206 5.41719 6.23028 7.01969 7.78611 8.53020 5.24214 6.00205 6.73274 7.43533 8.11090 5.07569 5.78637 6.46321 7.10782 7.72173 4.91732 5.58238 6.20979 6.80169 7.36009 4.62288 5.20637 5.74664 6.24689 6.71008 4.48592 4.35526 4.23054 4.11141 3.78448 5.03295 4.86842 4.71220 4.56376 4.16042 5.53482 5.33493 5.14612 4.96764 4.48732 5.99525 5.75902 5.53705 5.32825 4.77158 6.41766 6.14457 5.88923 5.650225.01877 11 12 13 14 15 9.78685 9.51421 9.25262 8.76048 8.30641 10.57534 10.25776 9.95400 9.38507 8.86325 11.34837 10.98319 10.63496 9.98565 9.39357 12.10625 11.69091 11.29607 10.56312 9.89864 12.84926 12.38138 11.93794 11.11839 10.37966 7.88687 8.38384 8.85268 9.29498 9.71225 7.13896 7.53608 7.90378 8.24424 8.55948 6.80519 6.49506 6.20652 5.93770 5.23371 7.16073 6.81369 6.49236 6.19437 5.42062 7.48690 7.10336 6.74987 6.42355 5.58315 7.78615 7.36669 6.98187 6.62817 5.72448 8.06069 7.60608 7.19087 6.81086 5.84737 16 17 18 19 20 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 14.29187 13.71220 13.16612 12.16567 11.27407 10.47726 14.99203 14.35336 13.75351 12.65930 11.68959 10.82760 15.67846 14.97889 14.32380 13.13394 12.08532 11.15812 16.35143 15.58916 14.87747 13.59033 12.46221 11.46992 8.85137 9.12164 9.37189 9.60360 9.81815 8.31256 7.82371 7.37916 6.97399 5.95424 las 8.54363 8.02155 7.54879 7.11963 6.04716 8.75563 8.20141 7.70162 7.24967 6.12797 8.95012 8.36492 7.839297.36578 6.19823 9.12855 8.51356 7.96333 7.46944 6.25933 21 22 23 24 25 17.01121 16.18455 15,41502 14.02916 12.82115 11.76408 10.01680 9.29224 8.64869 8.07507 7.56200 6.31246 17.65805 16.76541 15.93692 14.45112 13.16800 12.04158 10.20074 9.44243 8.77154 8.17574 7.64465 6.35866 18.29220 17.33211 16.44361 14.85684 13.48857 12.30338 10.37106 9.58021 8.88322 B.26643 7.71843 6.39884 18.91393 17.88499 16.93554 15.24696 13.79864 12.55036 10.52876 9.70661 8.98474 8.34814 7.78432 6.43377 19.52346 18.42438 17.41315 15.62208 14.09394 12.78336 10.67478 9.82258 9.07704 8.42174 7.84314 6.46415 26 27 28 29 30 20.12104 18.95061 17.87684 15.98277 14.37519 13.00317 10.80998 9.92897 9.16095 8.48806 7.89566 6.49056 20.70690 19.46401 18.32703 16.32959 14.64303 13.21053 10.93516 10.02658 9.23722 8.45780 7.94255 6.51353 21.28127 19.96489 18.76411 16.66306 14.89813 13.40616 11.05108 10.11613 9.30657 8.60162 7.98442 6.53351 21.84438 20.45355 19.18845 16.98371 15.14107 13.59072 11.15841 10.19828 9.36961 8.65011 8.02181 6.55088 22.39646 20.93029 19.60044 17.29203 15.37245 13.76483 11.25778 10.27365 9.42691 8.69379 8.05518 6.56598 31 32 33 34 35 22.93770 21.39541 20.00043 17.58849 15.59281 13.92909 11.34980 10.34280 9.47901 8.73315 8.08499 6.57911 23,46833 21.84918 20.38877 17.87355 15.80268 14.08404 11.43500 10.40624 9.52638 8.76860 8.11159 6.59053 23.98856 22.29188 20.76579 18.14765 16.00255 14.23023 11.51389 10.46444 9.56943 8.80054 8.13535 6.60046 24.49859. 22.72379 21.13184 18.41120 16.19290 14.36814 11.58693 10.51784 9.60858 8.82932 8.15656 6.60910 24.99862 23.14516 21.48722 18.66461 16.37419 14.49825 11.65457 10.56682 9.64416 8.85524 8.17550 6.61661 36 37 38 39 40 25.48884 23.55625 21.83225 18.90828 16.54685 14.62099 11.71719 10.61176 9.67651 8.87859 8.19241 6.62314 25.96945 23.95732 22.16724 19.14258 16.71129 14.73678 11.77518 10.65299 9.70592 8.89963 8.20751 6.62882 26.44064 24.34860 22.49246 19.36786 16.86789 14.8460211.82887 10.69082 9.73265 8.91859 8.22099 6.63375 26.90259 24.73034 22.80822 19.58448 17.01704 14.94907 11.87858 10.72552 9.75697 8.93567 8.23303 6.63805 27.35548 25.10278 23.11477 19.79277 17.15909 15.04630 11.92461 10.75736 9.77905 8.95105 8.24378 6.64178
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