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please solve Chart of Accounts CHART OF ACCOUNTS Danzer Industries inc. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Acoounts Receivable 122 Alowance for

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Chart of Accounts CHART OF ACCOUNTS Danzer Industries inc. General Ledger ASSETS 110 Cash 111 Petty Cash 121 Acoounts Receivable 122 Alowance for Doubtid Accourts 126 intarest Receivable 127 Notes Recelvable 131 Merchandise inventory 141 Ofice Supples 142 Stare Supplies 151 Prepaid insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment REVENUE 410 Sales 610 interest Revenue 611 Gain on Redemption of Bonda EXPENSES 510 Cost of Merchandise Sold 515 Credu Card Expense 516 Cash Shont and Over 521 Sales Salaries Expense 522 Ofice Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Seling Expenses 535 Rem Expense Previous Present Value Tables Final Questions No 5. Compute the price of $32,739,152 received for the bonds by using the tables shown in Present Vatue Tables. Two present value tables are provided: Present Value of \$1 at Compound interest Due in n Periods and Present Value of Ordinary Annuity of \$1 per Period. Use them as directed in the problem requirements 2b. Joumalize the entry to record the interest payment on June 30,20Y2, and the amortization of the bond discount, using the straipht-Ane mechod. serniannually on December 31 and June 20 . The Sscal year of the company is the calendar year. Required: 2. Jounatse the entries to recard the bolowing: b. The interest payment on dure 30, 20Y2, and the amortication of the bond discount using the atraight ine mothod 3. Determine the fotal interest expense for 20Y I. 4. Wir the bond proceeds ahways bo less than the face amount of the bonds when the contract rabe a less thas the market rale of interest? 5. Compute the price of 592,739,152 received for the bonds by using the present value tables. Instructions Present Value Tables Chart of Accounts General Journal Final Questio Present Value Tables \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline 19 & 13.13394 & 12.59329 & 12.08532 & 11.60765 & 11.15812 & 10.73471 & 10.33560 \\ \hline 0 & 13.59033 & 13.00794 & 12.46221 & 11.95038 & 11.46992 & 11.01851 & 10.594 \\ \hline & 14.02916 & 13.40472 & 12.82115 & 12.27524 & 11.76408 & 1.28498 & 10.83553 \\ \hline & 14.45112 & 13.78442 & 13.16300 & 12.58317 & 12.04158 & 11.53520 & 11.061 \\ \hline & 14.85684 & 14.14777 & 13.48857 & 12.87504 & 12.30338 & 11.77014 & 11.27219 \\ \hline & 15.24696 & 14,49548 & 13.79864 & 13.15170 & 12.55036 & 11.99074 & 1.46933 \\ \hline & 15.62208 & 14.82821 & 14.09394 & 13.41393 & 12.78336 & 12.19788 & 11.65358 \\ \hline & 15.98277 & 15.14661 & 14.37519 & 13.66250 & 13.00317 & 12.39237 & 11.82578 \\ \hline & 16.32959 & 15.45130 & 14.64303 & 13.89810 & 13.21053 & 12.57500 & 11.98671 \\ \hline & 16.66306 & 15.74287 & 14.89813 & 14.12 & 13.40616 & 12.74648 & 12. 13711 \\ \hline & 16.9837 & 16.0218 & 15. & 14. & 072 & 12.90749 & 12.27767 \\ \hline & 17.29203 & 16.28889 & 15.37245 & 14.53375 & 13.76483 & 13.05868 & 104 \\ \hline . & .5 & 16.5 & 15.59281 & 14.72393 & 13.92909 & 13.20063 & 12.53181 \\ \hline 32 & 17.87355 & 10.7 & 15.8 & 4.90420 & 14.08404 & 13.33393 & 12.64656 \\ \hline & 18.14765 & 17.02286 & 16.00255 & 15.07507 & 14.23023 & 13.45909 & 12.7 \\ \hline & 18.41120 & 17.2467 & 16.19 & 15.23703 & 814 & 13.57661 & 12.85401 \\ \hline 30 & 18.66461 & 17.46101 & 16.37419 & 15.39055 & 14.49825 & 13.68696 & 12.9 \\ \hline 40 & 19,79277 & 18.40158 & 17.15909 & 16.04612 & 15.04630 & 14.14553 & 13.33171 \\ \hline 40 & 20.72004 & 19.15635 & 17.77407 & 16.54773 & 15.45583 & 14.48 & 13.60552 \\ \hline 50 & 21.48218 & 19.76201 & 18.25593 & 16.93152 & 15.76186 & 14.72452 & 10.0 \\ \hline \end{tabular} Check My Work Instructions Present Value Tables Chart of Accounts General Journal Final Questior \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Present Value Tables & & & & & & & \\ \hline 18 & 0.49363 & 0.45280 & 0.41552 & 0.38147 & 0.35034 & 0.32189 & 0.29586 \\ \hline 19 & 0.47464 & 0.43330 & 0.39573 & 0.36158 & 0.33051 & 0.30224 & 0.27651 \\ \hline 20 & 0.45639 & 0.41464 & 0.37689 & 0.34273 & 0.31180 & 0.28380 & 0.25842 \\ \hline 21 & 0.43883 & 0.39679 & 0.35894 & 0.32486 & 0.29416 & 0.26648 & 0.24151 \\ \hline 22 & 0.42196 & 0.37970 & 0.34185 & 0.30793 & 0.27751 & 0.25021 & 0.22571 \\ \hline 23 & 0.40573 & 0.36335 & 0.32557 & 0.29187 & 0.26180 & 0.23494 & 0.21095 \\ \hline 24 & 0.39012 & 0.34770 & 0.31007 & 0.27666 & 0.24698 & 0.22060 & 0.19715 \\ \hline 25 & 0.37512 & 0.33273 & 0.29530 & 0.26223 & 0.23300 & 0.20714 & 0.18425 \\ \hline 26 & 0.36069 & 0.31840 & 0.28124 & 0.24856 & 0.21981 & 0.19450 & 0.17220 \\ \hline 27 & 0.34682 & 0.30469 & 0.26785 & 0.23560 & 0.20737 & 0.18263 & 0.16093 \\ \hline 28 & 0.33348 & 0.29157 & 0.25509 & 0.22332 & 0.19563 & 0.17148 & 0.15040 \\ \hline 29 & 0.32065 & 0.27902 & 0.24295 & 0.21168 & 0.18456 & 0.16101 & 0.14056 \\ \hline 30 & 0.30832 & 0.26700 & 0.23138 & 0.20064 & 0.17411 & 0.15119 & 0.13137 \\ \hline 31 & 0.29646 & 0.25550 & 0.22036 & 0.19018 & 0.16425 & 0.14196 & 0.12277 \\ \hline 32 & 0.28506 & 0.24450 & 0.20987 & 0.18027 & 0.15496 & 0.13329 & 0.11474 \\ \hline 33 & 0.27409 & 0.23397 & 0.19987 & 0.17087 & 0.14619 & 0.12516 & 0.10723 \\ \hline 34 & 0.26355 & 0.22390 & 0.19035 & 0.16196 & 0.13791 & 0.11752 & 0.10022 \\ \hline 35 & 0.25342 & 0.21425 & 0.18129 & 0.15352 & 0.13011 & 0.11035 & 0.09366 \\ \hline 0 & 0.20829 & 0.17193 & 0.14205 & 0.11746 & 0.09722 & 0.08054 & 0.06678 \\ 45 & 0.17120 & 0.13796 & 0.11130 & 0.08988 & 0.07265 & 0.05879 & 0.04761 \\ \hline 50 & 0.14071 & 0.11071 & 0.08720 & 0.06877 & 0.05429 & 0.04291 & 0.03395 \\ \hline & & & & & & & \\ \hline 29 & & & & & & \\ \hline 2 & & & & & \end{tabular} Check My Work Bond discount, entries for bonds payable transactions Final Questions 3. Determine the total interest expense for 20Yt. Additional Instructions 4. Wil the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? Yes No 1. Joumalize the entry to recond the amount of cash proceeds from the issuance of the bonds on Juy t, zort 2a. Joumalize the enty to record the first semiannual interest payment on December 31, 20Yt, and the amortization of the bond discount, using the straght ine meshod Instructions Present Value Tables Chart of Accounts General Journal Final Questions 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 536 Insurance Expense 537 Office Supplies Expense 538 Store Supplies Experise 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 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 Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Eamings 351 Cash Dividends 352 Stock Dividends

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