Shaded cols have feed Present Value Tables Chart of Accounts Journal Instructions Required: 1. Journakze the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 2011 2. Journalize the entries to record the following: a The first sem unnual interest payment on December 31, 2071, and the amortization of the bond premium, using the straight-line method (Round to the nearest domar.) b. The interest payment on June 30, 2012, and the amortization of the bond premium, using the straight-line method (Round to the nearest dollar.) 3. Determine the total interest expense for 20Y1. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $92,658,219 received for the bonds by using the present value tables (Round to the nearest dotar) Refer to the Chart of Accounts for exact wording of account titles Check My Work All work saved. Email Instructor Save and Ext Submit Assignmen Instructions Present Value Tables Chart of Accounts Journal Final Questions Present Value Tables Two present value tables are provided Present Value of $1 a Compound Interest Due in n Periods and Present Value of Ordinary Annuity of $1 per Period. Use them as directed in the problem requirements Periods 7% 0.93458 Present Value of $1 at Compound Interest Due in n Periods 4.0% 4.5% 5% 5.5% 65 6.5% 0.96154 0.95894 0.95238 0.94787 0.94340 0.93897 0.92456 0.91573 0.90703 0.89845 0.89000 0.88168 0.88900 0.87630 0.86384 0.85161 0.83982 0.82785 0.85480 0.83856 0.82270 0.80722 0.79209 0.77732 2 0.87344 3 0.81630 0.76990 4 0.78353 0.74726 0.72988 0.82193 0.79031 0.75992 0.76513 0.72525 0.71299 0.66634 0.70495 0.60533 0.80245 0.76790 0.73483 0.70319 0.67290 0.74622 0.71068 0.67686 0.68744 0.66506 0.62275 0.64351 0.60423 0.73009 6 0.58201 0.62741 0.59190 9 0.70259 0.65160 0.61763 0.58543 0.64461 051301 0.54393 0.56735 0.53273 10 0.67556 0.50835 0.64393 0.61620 0.58966 0.55491 0.64958 0.62460 0.50021 0.55839 0.52679 0.49697 0.58458 0.55684 0.47509 0.44401 0.52598 0.46968 12 18 0.49856 0.44102 0.60057 0.57748 0.56427 0.53997 0.53032 0:50507 0.46884 0.44230 0.41496 0.38782 14 0.47257 0.41410 Next Check My Work Emal instructor Save and Exit Submit Assignment for Grading All work saved Mac Pro BLANKSHEET Present Value Tables 15 0.55626 _BLANKSHEET 0.51672 0.48102 0.44793 0.41727 0.38883 0.38245 16 0.53391 0.49447 0,45811 0.42458 0.39365 0.36510 0.33873 17 0.51337 0.47318 0.40245 0.37136 0.34281 0.31657 0.43630 0.41552 18 0.49383 0.45280 0.38147 0.35034 0.32189 0.29586 19 0.47464 0.36158 0.33051 0.30224 0.27651 0.39573 0.37689 20 034273 0.31180 0.28380 0.25842 0.45639 0.43883 0.43330 0.41464 0.39679 037970 21 0.35894 0.32486 0.29416 0.26648 0.24151 22 0.42196 0.34185 030793 027751 0.25021 0.22571 23 0.40573 0.36335 0.32557 0.23494 021095 24 0.39012 034770 0.29187 0.26180 0.27666 524699 0.26223 0.23300 0.22060 031007 0.29530 019715 25 0.37512 0.33273 0 20714 0.18425 26 0.36089 0.31840 0 28124 0.21981 0.19450 0.17220 0.34682 0.1823 0.24856 0.23560 0.22332 27 28 0.16093 0.30460 0.29157 0.20737 0.19563 29 0.33348 0.32065 0.30832 026785 0.25509 0.24295 0.23138 0.22036 0.27902 0.26700 0.25550 0.17148 0.16101 0.15119 0.15040 0.14056 0.13137 30 31 0.29846 0.21168 0.18456 0.20064 0.17411 0.19018 0.16425 0.18027 0.15496 0.17087 0.14619 0.14196 0.12277 0.28506 0.24450 0.13329 0.11474 32 33 0.20987 0.1997 0.27409 0.23397 0.12516 0.10723 5: 1/4 items Check My Work Scorer 10.05% All work saved Email Instructor Save and Est MacBook Pro BLANKSHEELA Instructions Present Value Table Chart of Accounts Journal Final Questions A.BLANKSHEET A BLANKSHEET Present Value Tables A.BLANKSHEET 34 026355 022390 0.19036 0.13791 0.11752 0.10022 0.16196 0.15352 35 0.21425 0.11035 0.09366 0.25342 0.20829 0.18129 0.14205 0.13011 0.09722 40 0.17193 0.11746 0.06678 0.08054 0.05870 45 0.17120 0.13796 0.11130 0.04761 0.08988 0.07265 0.06877 0:05429 50 0.14071 0.11071 0.08720 0.04291 0.03395 4.0% 7% Periods 1 0.96154 0.93458 2 3 1,88609 277500 3.62990 1.80802 262432 3.38721 4 5 4.45182 4.10020 Present Value of Ordinary Annuity of $1 per Period 4.5% 5% 5.5% 6% 6.5% 0.95694 0.95 0.94787 0.94340 0.93897 1.87267 1.85041 1.84632 1.83339 1.82063 2.74896 272325 2.69793 2.67301 264848 358753 3.54595 350515 3.46511 3.42580 438998 432948 4.27028 4.21230 4. 15668 5.15787 5.07500 4.99553 4.91732 4.84101 5.89270 5.78637 5.68297 5.58238 5.48452 6.59580 8.48321 6.33457 6 20979 6.06875 7.26879 7.10782 6.95220 6.80160 6.65610 7.91272 7.72173 7.53763 7.38009 7.18880 8.52892 830641 8.09254 7.88687 7.68904 STARR RRA RRERO , . R15 6 5.24214 7 6.00205 4.76654 5.38929 5.97130 6.51523 8 0.73274 9 10 7.43533 8.11090 8.76048 7.02358 7.49867 11 12 GRANT 799 Check My Work 5: 14 items mit Score: 10.05% All work saved Email Instructor Save and Et Submit Ass Instructions Present Value Tables Chart of Accounts Journal Final Questions 03A.BLANKSHEET L04A BLANKSHEET 05A BLANKSHEET 9.11858 8.86325 8.61852 8.38384 8.15873 7.94269 Present Value Tables 12 9.38507 13 9.98565 14 10 56312 15 11.11830 9.39357 3.85268 8.59974 8.35765 968285 10.22283 9.11708 9.58985 9.89864 9.29498 9.01384 8.74547 10.73955 10.37966 10.03758 9.71925 9.40267 9.10791 16 11.85230 11.23402 10.83777 1046216 10.10590 10.47726 9.44665 9.76322 17 12. 16567 11.70719 11.27407 10.86461 18 12.65030 12.15000 11.68950 10.82780 11.24607 11.60765 9.76776 10.11058 10.43247 10.73471 11.01851 11.28408 19 13.13394 12.59329 11.15812 12.08532 12421 10.05009 10.33560 10.59401 20 13.59033 13.00794 11.95038 11.46992 21 14.02916 13.40472 12.82115 11.75408 12 27524 12.58317 10 83553 11 06124 22 14.45112 13.16300 12.04158 11.53520 13.78442 14,14777 23 14,85684 12.87504 12.30338 11.77014 11.27219 13 48857 13.70854 14,49548 12.55036 11.40933 14.82821 14 09394 13.15170 13.41393 13.66250 12.78335 25 26 11.65358 11.99074 12. 19788 1239237 12.57500 15 14061 14 37519 13.00317 15 24696 15.62208 1598277 16 32959 16 66300 1698371 11.82578 15.45130 13.89810 11.98671 14.64303 14.89813 13.21053 19.40010 12.74648 12.13711 15.74287 16.02190 29 15.14107 14.12142 1431010 14.53375 13.52072 1227787 12.90749 13 06888 1729203 1628889 15.37245 13.75483 12:40004 R: Check My Work gress: 1/4 items mant Score: 10.05% All work saved Emal instructor Save and Et Submit MacBook Pro SHEET Present Value Tables SHEET 21 14,02916 13.40472 12.82115 12.27524 11.76408 11.28498 10.83553 1445112 13.78442 12.58317 12.04158 11.53620 11.081244 22 23 13.16300 13.48957 14.85684 14.14777 12.87504 12.30338 11.77014 11,27219 24 15 24696 14.49548 13.79864 13.15170 11,46933 1255036 12.78336 11 99074 12.1978 25 15.62208 14.82821 1409394 13.41393 11.65358 28 15.98277 12 39237 11 82578 15.14661 15.45130 27 16.32959 12.57500 11.98871 28 16.68306 12.74648 12.13711 15.74287 16.02189 29 16.98371 12.90749 12.27767 17 29203 31 32 17.58849 17.87355 16.28889 16,54430 16.78880 17.02200 17.24676 14.37519 13.66250 13.00317 14.64303 13.89810 13.21053 14.89313 14.12142 13.40616 15.14107 1433310 13.59072 15.37245 14.53375 13.76483 15.59281 14.72393 13.92900 15.80268 14.90420 14.08404 16.00255 15.07507 14.23023 16.19290 15.23703 14.36814 16.37419 15.39066 14.40825 17.15900 16.04612 15.04630 17.77407 16.54773 15.45583 18.28690 16.93152 15.76186 18.14785 34 18.41120 8 8 8 8 3 13.05868 12.40904 13.20063 12 53181 13 33393 1264656 13.45900 12.75379 13.57661 12.85401 13.68606 12.94767 14.14553 13 33171 14.40023 13.60552 14.72452 13.60075 18.66461 17.46101 19.79277 18.40158 45 20.72004 19.15635 19.76201 21.48218 Check My Work oms 10.05% All work saved Email Instructor Save and East Submit Assim MED Pro Present Value Tables Chart of Accounts Journal Shaded cells have feedback How does groding work? PAGE 10 JOURNAL Score: 56/75 ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT DESCRIPTION LARLITIES EQUITY ASSETS 1 1 JUL 1 Cash 31,951,110.00 1 1 2 Premium on Bonds Payable 1,951,110.00 30,000,000.00 T Bonds Payable 4 Dec. 31 Interest Expense Premium on Bonds Payable Cash Points 10.45/14 Question not attempted. Next Check My Work Email Instructor Save and Edt All work saved. Submit Assignment for Gra Present Value Tables Chart of Accounts Journal Shaded cells have feedbac Question not attempted. PAGE 1 JOURNAL Score: 0/37 ACCOUNTING EQUATION DATE DESCRIPTION POST REF DENT CREDIT ASSETS LIABILITIES EQUITY 1 2 5 Points 0/7 Feedback Check My Work Bonds Payable is always recorded at face value Any difference in issue price is reflected in a premium or discount account Check My Work All work saved. Email Instructor Save and Exit Submit Assignment fe Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions x Present Value Tables Chart of Accounts Journal Final Questions Shaded cols have feedback Shaded chave fedha 3. Determine the total interest expense for 201. Enter amount as a positive number. $ Points 071 4. Will the band proceeds always be greater than the face amount of the bords when the contract rate is greater than the market rate of interest Yes No Points 0/1 THI By WD Bonda Payable is always recorded at face value. Any difference in issue price is reflected in a promum or discount account Next) Chuck My Work Emal structor Save and Submit Ansigment for Grading All work saved Present Value Tables Chart of Accounts Journal Shaded cells have Final Questions Shaded cells have 5. Compute the price of $92,658,219 received for the bonds by using the present value tables. Round to the nearest dollar Present value of the face amount Present value of the semiannual interest payments Price received for the bonds $ Points: Feedback Chock My Work check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a promium or discount account Check My Work All work saved Email Instructor Save and Ex Submit AS Bond premium, entries for bonds payable transactions Irutructions Prosent Value Tables Chart of Accounts Journal Final Questions Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campboll inued $87,000,000 of 10-year, 10% bonds at a market (effective) interest rate of receiving cash of $92,658.219. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 2011." 2. Journalize the ones to record the following: 2. The first semiannual interest payment on December 31, 2011, and the amortization of the bond premium, using the straight-ine method (Round to the nearest dolar) b. The interest payment on June 30, 2012, and the amortization of the bond premium using the straight-line method (Round to the nearest dollar) 3. Dotermine the total interest expense for 20Y1. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Nex Check My Work Email Instructor Save and Exit Submit Assignment for Bond premium, entries for bonds payable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 2011. Campbell issued $87,000,000 of 10-year, 10% bonds at a market (effective interest rate of 9%,receiving cash of $92.658,219. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 2041 2. Journalize the entries to record the following." a. The first semiar un interest payment on December 31, 2011, and the amortization of the bond proniun, using the straight dhe method (Round to the nearest dollar) b. The interest payment on June 30, 2012, and the amortization of the bond premium, using the straight-dne method (Round to the nearest dollar) 3. Determine the total interest expense for 2011 4. Ww the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest Next Check My Work Email Instructor Save and Exit Submit Assignment for Gran DO PL es for og ayable transactions Instructions Present Value Tables Chart of Accounts Journal Final Questions Instructions Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1.. 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 2011, and the amortization of the bond premium, using the straight-line method. (Round to the nearest dollar) b. The interest payment on June 30, 2012, and the amortization of the bond premium, using the straight-line method (Round to the nearest dollar) 1 3. Determine the total interest expense for 20Y1 4. Ww the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $92,658,219 received for the bonds by using the present value tables. (Round to the nearest dollar.) *Refer to the Chart of Accounts for exact wording of account titles