Question 2 On January 1, 20X0, Ashley Corporation issued $2000 of 5-year, 6% debentures. Interest is paid semiannually. The market interest rate at issuance was 10%. 1. Compute the proceeds from issuing the debentures. 2. Prepare an analysis of this bond transaction. Show entries for the issuer concerning (a) issuance, (b) first semiannual interest payment, (c) second semiannual interest payment, and (d) payment of maturity value. Present value of $1 Present value of $1 annuity n=5, i=10% 0.62092 3.79079 n=10, i=5% 0.61391 7.72173 n=5,i=6% 0.74726 4.21236 n=10,i=3% 0.74409 8.53020 Note: Use only the relevant present value information for Question 2. Question 2 191 PV of payments 2016.1445- 1.229 10 21 22 33 24 25 26 27 SPILL Liabilities Discount on Bonde Payable Honds Payable Retined Earnings SE Comments Refined Farints Question 1-2 (Transaction Analysis) 29 Assets 20 Cash 31 lance 32 b. First semi-annual interest 33 Scond semi-annual interest 34 d Payment of maturity video as whether it affects remunt, expenses type of expense)etc. 36