Serenity Inc. is authorized to issue 9%,10-year bonds payable. On January 1,2018, when the market interest rate is 12% the company issues $800,000 of the bonds. The bonds pay interest semiannually.

Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.)

Upon issuance of the bonds payable, the company received $

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ALL requirements please

P12AB-38A (similar to) EQuostion Holp Serenity, Inc is authoriced to issue 9%, 10-year bonds payable. On January 1, 2018, when the market interest rate is 12 % , the company issues 5800,000 of the bonds. The bonds pay interest semiannualy. BCick the ioon to view Present Value of 51 tsble.) B(Cick the icon to view Present Value of Ordinery Annuity of 51 tsble.) BCck the icn to view Future Velue of $1 table) B(Cick the icur to view Future Value of Ordinary Annuity of $1 table. Read the requiement Requirement 1. How much cash cid the company rocelva upon iscuance of the bonds payable? (Round to the nearest dolar.) Upun issusnce of the bonds payable, the compeny received S - X i Reference Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 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 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 1.566 1.528 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.283 2.246 2.174 2.106 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 2.99 4.853 5 4.713 4,580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.352 3.274 3.127 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 4.868 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.564 4.288 4.160 4.039 3.812 3.605 8 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.487 4,344 4.078 3.837 8.566 8.162 7.786 7.435 7,108 6.802 6.515 6.247 5.995 5.759 5.328 4,946 4.772 4.607 4,303 4.031 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 5.019 4.833 4.494 4.192 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6,495 5.938 5.453 5.234 5.029 4.656 4.327 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.194 5.660 5.421 5.197 4.793 4.439 11.348 13 12.134 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.424 5.842 5.583 5.342 4.910 4.533 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.724 5.468 5.008 4.611 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 6.811 6.142 5.847 5.575 5.092 4.675 10.106 16 14.718 13.578 14.292 12.561 11.652 10.838 9.447 8.851 8.313 7.824 6.974 6.265 5.954 5.669 5.162 4.730 17 15.562 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 13.754 18 16.398 14.992 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.250 6,467 6.128 5.818 5.273 4.812 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 13.590 12.462 11.470 20 18.046 16.351 14.877 10.594 9.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 21 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.292 8.649 7.562 6.687 6.312 5.973 5.384 4.891 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 23 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.580 8.883 7.718 6.792 6.399 6.044 5.432 4.925 15.247 13.799 12.550 10.529 24 21.243 18.914 16.936 11.469 9.707 8.985 7.784 6.835 6.434 6.073 5.451 4.937 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 20.121 26 22.795 17.877 15.983 14.375 13.003 11.826 10.810 9.929 9.161 7.896 6.906 6.491 6.118 5.480 4.956 20.707 27 23.560 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.237 7,943 6.935 6.514 6.136 5.492 4.964 21.281 11.051 28 24.316 18.764 16.663 14.898 13.406 12.137 10.116 9.307 7,984 6.961 6.534 6.152 5.502 4.970 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 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 5.517 4.979 32.835 27.355 13.332 11.925 40 15.046 23.115 19.793 17.159 10.757 9.779 8.244 7.105 6.642 6.233 5.548 4.997 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 Print Done ct LO - X i Reference Future Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.050 1 1.010 1.020 1.030 1.040 1.060 1.070 1.080 1.090 1.100 1.120 1.140 1.150 1.020 1.145 2 1.040 1.061 1.082 1.103 1.124 1.166 1.188 1.210 1.254 1.300 1.323 1.295 1.405 3 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.331 1.482 1.521 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 1.217 1.403 1.469 5 1.051 1.104 1.159 1.276 1.338 1.539 1.611 1.762 1.925 2.011 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 7 1.828 1.949 2.211 2.502 2.660 1.072 1.149 1.230 1.316 1.407 1.477 1.504 1.606 1.714 2.476 3.059 8 1.083 1.172 1.267 1.369 1.594 1.718 1.851 1.993 2.144 2.853 1.999 2.172 2.358 1.094 1.195 1.305 1.423 1.551 1.689 1.838 2.773 3.252 3.518 2.159 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.367 2.594 3.106 3.707 4.046 1.116 4.652 11 1.243 1.384 1.539 1,710 1.898 2.105 2,332 2.580 2.853 3.479 4,226 12 1.127 1.268 1.426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4.818 5.350 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 6.261 7.076 1.149 1.732 3.798 14 1,319 1.513 1.980 2.261 2.579 2.937 3.342 4.887 15 4,177 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 5.474 7.138 8.137 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 17 1.184 1.400 1.653 1.948 2.292 2.693 3.159 3.700 4.328 5.054 6.866 9.276 10.76 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 1,208 4,316 6.116 8.613 19 1.457 1.754 2.107 2.527 3.026 3.617 5.142 12.06 14.23 20 1.220 1.486 2.653 16.37 1.806 2.191 3.207 3.870 4.661 5.604 6.727 9.646 13.74 10.80 21 1,232 1,516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 15.67 18.82 22 8.140 12.10 1,245 1.546 1.916 2.370 2.925 3.604 4.430 5.437 6.659 17.86 21,64 23 13.55 1,257 1.577 1.974 2.465 3.072 3.820 4,741 5.871 7.258 8.954 20.36 24.89 6.34 2.033 24 1,270 1.608 2.563 3.225 4.049 5.072 7.911 9.850 15.18 23.21 28.63 25 1.282 2.666 10.83 17.00 1.641 2.094 3.386 4,292 5.427 6.848 8.623 26.46 32.92 5.807 11.92 26 1.295 1.673 2.157 2.772 3.556 4.549 7.396 9.399 19.04 30.17 37.86 2.221 13.11 27 1.308 1.707 2.883 3.733 4.822 6.214 7.988 10.25 21.32 34.39 43.54 28 2.288 1.321 1.741 2.999 3.920 5.112 6.649 8.627 11.17 14.42 23.88 39.20 50,07 29 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 1.348 17.45 30 1.811 2.427 3.243 4.322 5.743 7.612 10.06 13.27 29.96 50.95 66.21 40 1,489 7.040 14.97 45.26 2.208 3.262 4.801 10.29 21.72 31.41 93.05 188.9 267.9 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 Print Done X Reference Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% 0.952 0.917 0.870 1 0.990 0.980 0.971 0.962 0.943 0.935 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.797 0.743 0.718 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.769 0.756 0.694 0.641 0.609 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.579 0.763 0.708 0.636 0.961 0.924 0.888 0.855 0.823 0.792 0.735 0.683 0.592 0.572 0.552 0.516 0.482 5 0.822 0.650 0.402 0.951 0.906 0.863 0.784 0.747 0.713 0.681 0.621 0.567 0.519 0.497 0.476 0.437 0.370 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.456 0.432 0.410 0.335 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 8 0.923 0.853 0.789 0.731 0.677 0.627 0.582 0.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0.233 0.36 0.914 0.837 0.766 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.308 0.284 0.263 0.225 0.194 10 0.905 0.820 0.744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.247 0.227 0.191 0.162 0.722 0.429 0.388 0.287 11 0.896 0.804 0.650 0.585 0.527 0.475 0.350 0.237 0.215 0.195 0.162 0.135 0.112 0.887 0.397 0.356 0.208 12 0.788 0.701 0.625 0.557 0.497 0.444 0.319 0.257 0.187 0.168 0.137 13 0.879 0.773 0.758 0.368 0.326 0.290 0.116 0.681 0.601 0.530 0.469 0.415 0.229 0.182 0.163 0.141 0.145 0.093 0.340 14 0.870 0.661 0.577 0.505 0.442 0.388 0.299 0.263 0.205 0.160 0.125 0.099 0.078 15 0.315 0.108 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.275 0.239 0.183 0.140 0.123 0.084 0.065 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 17 0.714 0.844 0.605 0.513 0.436 0.371 0.317 0.270 0.231 0.198 0.146 0.108 0.093 0.080 0.060 0.045 18 0.700 0.836 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 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 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 0.359 0.031 21 0.811 0.660 0.538 0.439 0.294 0.242 0.199 0.164 0.135 0.093 0.064 0.053 0.044 0.022 22 0.150 0.123 0.046 0.038 0.026 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.083 0.056 0.018 23 0.795 0.634 0.326 0.138 0.033 0.507 0.406 0.262 0.211 0.170 0.112 0.074 0.049 0.040 0.022 0.015 0.622 0.126 0.102 0.066 0.019 24 0.788 0.492 0.390 0.310 0.247 0.197 0.158 0.043 0.035 0.028 0.013 25 0.375 0.295 0.116 0.780 0.610 0.478 0.233 0.184 0.146 0.092 0.059 0.038 0.030 0.024 0.016 0.010 26 0.772 0.598 0.464 0.361 0.281 0.220 0.172 0.135 0.106 0.084 0.053 0.033 0.026 0.021 0.014 0.009 27 0.764 0.586 0.450 0.347 0.268 0.207 0.161 0.125 0.098 0.076 0.047 0.029 0.023 0.018 0.011 0.007 28 0,574 0.757 0.437 0.333 0.255 0.196 0.150 0.116 0.090 0.069 0.042 0.026 0.020 0.016 0.010 0.006 29 0.563 0.082 0.749 0.424 0.321 0.243 0.185 0.141 0.107 0.063 0.037 0.022 0.017 0.014 0.008 0.005 30 0.742 0.552 0.412 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.033 0.020 0.015 0.012 0.007 0.004 40 0.001 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 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 0.001 Print Done st LO X Reference Future Value of Ordinary Annuity of $1 9% 14% Periods 1% 2% 3% 4% 5% 6% 7% 8% 10% 12% 15% 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 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 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 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 5.101 5.204 5.309 5.416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6.152 6.468 6.308 6.633 6.802 6.975 7.153 7.336 7.523 7.716 8.115 8.536 8.754 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 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 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 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 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 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 13 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34.35 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 47.58 15 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.36 31.77 37.28 43.84 23.66 16 17.26 18.64 20.16 21.82 25.67 27.89 30.32 33.00 35.95 42.75 50.98 59.12 55.72 17 18.43 20.01 23.70 30.84 21.76 25.84 28.21 33.75 36.97 40,54 48.88 65.08 18 30.91 41.30 45.60 68.39 19.61 21.41 23.41 25.65 28.13 34.00 37.45 55.75 75.84 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 20 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 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 22 24.47 27.30 30.54 34.25 38.51 43.39 49.01 55.46 62.87 71.40 92.50 120.4 137.6 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 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 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 44,3 68.68 109.2 26 29.53 33.67 38.55 51.11 59.16 79.95 93.32 150.3 208.3 245.7 63.71 283.6 27 30.82 35.34 40.71 47.08 54.67 74.48 87.35 102.7 121.1 169.4 238.5 42.93 58.40 68.53 113.0 28 32.13 37,05 49.97 80.70 95.34 134.2 190.7 272.9 327.1 45.22 52.97 62.32 87.35 124.1 148.6 214.6 29 33.45 38.79 40.57 73.64 104.0 312.1 377.2 30 79.06 94.46 34.78 47.58 56.08 66.44 113.3 136.3 164.5 241.3 356.8 434.7 40 48.89 442.6 60.40 75.40 95.03 120.8 154.8 199.6 259.1 337.9 767.1 1,342 1,779 64.46 112.8 50 84.58 152.7 209.3 290.3 406.5 573.8 815.1 1,164 2,400 4,995 7,218 Print Done 2 o st LO X i Requirements 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round 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 June 30, 2018 and December 31, 2018. Explanations are on required Print Done