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Please help!!! I have no clue what im doing! ! Required information (The following information applies to the questions displayed below) On January 1, 2019,
Please help!!! I have no clue what im doing!
! Required information (The following information applies to the questions displayed below) On January 1, 2019, Drennen Inc. issued $4.6 million face amount of 10-year, 18% stated rate bonds when market interest rates were 16%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2028. Table 6.4. Table 6-5 (Use appropriate factor from the table provided.) b-1. Assume instead that the proceeds were $4,534,000. Use the horizontal model to record the payment of semiannual interest and the related discount omortization on June 30, 2019, assuming that the discount of $66,000 is amortized on a straight line basis. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Discount on bonds payablo Stockholders' Equity Nor Income Cash TABLE 6.4 FACTORS FOR CALCULATING THE PRESENT VALUE OF $1 Discount Rate 5. of eriods 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 1 2. 3 4 0.9259 0.8573 0.7938 0.7350 0.6806 0.9091 0.8264 0.7513 0.6830 0.6209 0.8929 0.7972 0.7118 0.6355 0.5674 0.8772 0.7695 0.6750 0.5921 0.5194 0.8621 0.7432 0.6407 0.5523 0.4761 0.8475 0.7182 0.6086 0.5158 0.4371 0.8333 0.6944 0.5787 0.4823 0.4019 5 5 0.980 0.9615 0.9434 0.961 0.9246 0.8900 0.942 0.8890 0.8396 0.924 0.8548 0.7921 0.906 0.8219 0.7473 0.888 0.7903 0.7050 0.871 0.7599 0.6651 0.853 0.7307 0.6274 0.837 0.7026 0.5919 0.820 0.6756 0.5584 6 OBO 0.6302 0.5835 0.5403 0.5002 0.4632 0.5845 0.5132 0.4665 0.4241 0.3855 0.5066 0.4523 0.4039 0.3606 0.3220 0.4556 0.3996 0.3506 0.3075 0.2697 0.4104 0.3538 0.3050 0.2630 0.2267 0.3704 0.3139 0.2660 0.2255 0.1911 0.3349 0.2791 0.2326 0.1938 0.1615 9 10 11 12 13 14 15 0.804 0.788 0.773 0.758 0.743 0.5268 0.4970 0.4688 0.4423 0.4173 0.4289 0.3971 0.3677 0.3405 0.3152 0.3505 0.3186 0.2897 0.2633 0.2394 0.2875 0.2567 0.2292 0.2046 0.1827 0.2366 0.2076 0.1821 0.1597 0.1401 0.1954 0.1685 0.1452 0.1252 0.1079 0.1619 0.1372 0.1163 0.0985 0.0835 0.1346 0.1122 09935 0.0779 0.0649 0.6496 0.6246 0.6006 0.5775 0.5553 0.5339 0.5134 0.4936 0.4746 0.4564 16 17 18 19 20 0.728 0.714 0.700 0.686 0.673 0.3936 0.3714 0.3503 0.3305 0.3118 0.2919 0.2703 0.2502 0.2317 0.2145 0.2176 0.1978 0.1799 0.1635 0.1486 0.1631 0.1456 0.1300 0.1161 0.1037 0.1229 0.1078 0.0946 0.0829 0.0728 0.0930 0.0802 0.0691 0.0596 0.0514 0.0708 0.0600 0.0508 0.0431 0.0365 0.0541 0.0451 0.0376 0.0313 0.0261 21 22 23 0.660 0.847 0.634 0.622 0.610 0,4388 0,4220 0.4057 0.3901 0.3751 0.2942 0.2775 0.2618 0.2470 0.2330 0.1987 0.1839 0.1703 0.1577 0.1460 0.1351 0.1228 0.1117 0.1015 0.0923 0.0926 0.0828 0.0738 0.0659 0.0588 0.0638 0.0560 0.0491 0.0431 0.0378 0.0443 0.0382 0.0329 0.0284 0.0245 0.0217 0.0181 0.0151 0.0126 0.0105 24 25 0.0309 0.0282 0.0222 0.0188 0.0160 0.0070 0.0030 0.0013 0.0000 0.0003 30 35 40 45 30 0.552 0.500 0.453 0.410 0.372 0.3083 0.2534 0.2083 0.1712 0.1407 0.1741 0.1301 0.0972 0.0727 0.0543 0.0994 0.0676 0.0400 0.0313 0.0213 0.0573 0.0356 0.0221 0.0137 0.0085 0.0334 0.0189 0.0107 0.0061 0.0035 0.0198 0.0102 0.0053 0.0027 0.0014 0.0116 0.0055 0.0026 0.0013 0.0006 0.0042 0.0017 0.0007 0.0003 0.0001 Discount Rate 10% 12% No. of Periods 14% 16% 18% 20% 2% 6% 8% 1 2 3 4 0.980 1.942 2.884 3.808 4.713 0.9615 0.9434 1.8861 1.8334 2.7751 2.6730 3.6299 3.4651 4.4518 4.2124 0.9259 1.7833 2.5771 3.3121 3.9927 0.9091 1.7355 2.4869 3.1699 3.7908 0.8929 1.6901 2.4018 3.0373 3.6048 0.8772 1.6467 2.3216 2.9137 3.4331 0.8621 1.6052 2.2459 2.7982 3.2743 0.8475 1.5656 2.1743 2.6901 3.1272 0.8333 1.5278 2.1065 2.5887 2.9906 5 6 5.601 6.472 7.325 8.162 8.983 5.2421 6.0021 6.7327 7.4353 8.1109 4.6229 5.2064 5.7466 6.2469 6.7101 4.9173 5.5824 6.2098 6.8017 7.3601 4.3553 4.8684 5.3349 5.7590 6.1446 4.1114 4.5638 4.9676 5.3282 5.6502 3.8887 4.2883 4.6389 4.9464 5.2161 3.6847 4.0386 4.3436 4.6065 4.8332 8 9 10 3.4976 3.8115 4.0776 4.3030 4.4941 3.3255 3.6046 3.8372 4.0310 4.1925 11 12 13 14 15 9.787 10.575 11.348 12.106 12.849 8.7605 7.8889 9.3851 8.3838 9.9856 8.8527 10.5631 9.2950 11.1184 9.7122 7.1390 7.5361 7.9038 8.2442 8.5595 6.4951 6.8137 7.1034 7.3667 7.6081 5.9377 6.1944 6.4235 6.6282 6.8109 5.4527 5.6603 5.8424 6.0021 6.1422 5.0286 5.1971 5.3423 5.4675 5.5755 4,6560 4.7932 4.9095 5.0081 5.0916 4.3271 4,4392 4.5327 4.6106 4.6756 16 17 18 19 20 13.578 14.292 14.992 15.678 16.351 11.6523 10.1059 12.1657 10.4773 12.6593 10.8276 13.1339 11.1581 13.5903 11.4699 8.8514 9.1216 9.3719 9.6036 9.8181 7.8237 8.0216 8.2014 8.3849 8.5136 6.9740 7.1196 7.2497 7.3658 7.4694 6.2651 6.3729 6.4674 6.5504 6.6231 5.6685 5.7487 5.8178 5.8775 5.9288 5.1624 5.2223 5.2732 5.3162 5.3527 4.7296 4.7746 4.8122 4.8435 4.8696 21 22 23 24 25 17.011 17.658 18.292 18.914 19.523 14.0292 11.7641 14.4511 12.0416 14.8568 12.3034 15.2470 12.5504 15.6221 12.7834 10.0168 10.2007 10.3711 10.5288 10.6748 8.6487 8.7715 8.8832 8.9847 9.0770 7.5620 7.6446 7.7184 7.7843 7.8431 6.6870 6.7429 6.7921 6.8351 6.8729 5.9731 6.0113 6.0442 6.0726 6.0971 5.3837 5.4099 5.4321 5.4509 5.4669 4.8913 4.9094 4.9245 4.9371 4.9476 30 35 40 45 22 396 24.999 27.355 29.490 17.2920 13.7648 18.6646 14.4982 19.7928 15.0463 20.7200 15.4558 16 71 11.2578 11.6546 11.9246 12.1084 12.9235 9.4269 9.6442 9.7791 9.8628 9.9148 8.0552 8.1755 8.2438 8.2825 8.3045 7.0027 7.0700 7.1050 7.1232 7.1327 6.1772 6.2153 6.2335 6.2421 6.2463 5.5168 5.5386 5.5482 5.5523 5.5541 4.9789 4.9915 4.9966 4.9986 4.9995 Step by Step Solution
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