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Sleep Well, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2018, when the market interest rate is 10%, the company issues

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Sleep Well, Inc. is authorized to issue 9%, 10-year bonds payable. On January 1, 2018, when the market interest rate is 10%, the company issues $100,000 of the bonds. The bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table i Reference Present Value of $1 Periods 1 2 3 4 1% 0.990 0.980 0.971 0961 0.951 2% 3% 0.980 0.971 0.961 0.943 0942 0915 0.924 0888 0.906 0.863 4% 0.962 0.925 0.889 0.855 0.822 5% 6% 7% 0.952 0.943 0.935 0.907 0.890 0.873 0.864 0.840 0.816 0.823 0.792 0.763 0.784 0.747 0.713 8% 0.926 0.857 0.794 0.735 0.681 5 6 7 8 9 10 0.942 0.888 0.933 0871 0.923 0.853 0.914 0 837 0.905 0.820 0 837 0.813 0.789 0.766 0.744 0.790 0.760 0.731 0.703 0.676 0.746 0.711 0.677 0.645 0.614 0.705 0.665 0.627 0.592 0.558 0.666 0.623 0.582 0.544 0.508 0.630 0.583 0.540 0.500 0463 9% 10% 12% 14% 15% 16 0.917 0.909 0.893 0.877 0 8700E 0.8420.826 0.797 0.769 0.756 0.1 0.772 0.751 0.712 0.675 0.658 0 0 0.708 0.683 0.636 0.5920572 0.5 0.650 0.621 0.567 0.519 0.49704 0596 0.564 0.507 0.456 0.432 04 0.547 0.513 0.452 0.400 0376 0.3 0.502 0.467 0.404 0.351 0.327 03 0.460 0.424 0.361 0.308 0.284 02 0.422 0386 0322 0270 0.247 02 0.388 0.350 0.287 0237 0.215 0.1 0.356 0.319 0.257 0.208 0.187 0.1 0.326 0.290 0.229 0.182 0.163 0.1 0 299 0.263 0 205 0.160 0.141 0.1 0.275 0.239 0.183 0.140 0.123 0.1 0252 0.218 0.163 0.123 0.107 0.0 0231 0.198 0.146 0.108 0.093 0.0 0212 0.180 0.130 0.095 0.081 0.0 0.194 0.164 0.116 0.083 0070 0.0 0.178 0.149 0.104 0.073 0.061 0.C 11 12 13 14 15 0 896 0.887 0.879 0 870 0.861 0.804 0.722 0.788 0.701 0.773 0.681 0.758 0.661 0.743 0.642 0585 0.557 0.530 0.505 0.481 0.527 0.475 0497 0.444 0.469 0.415 0442 0.388 0.417 0.362 0.429 0.397 0.368 0.340 0315 0.650 0.625 0 601 0.577 0 555 0.534 0.513 0494 0.475 0.456 16 17 18 19 20 0.853 0.844 0836 0828 0 820 0.728 0714 0.700 0 686 0673 0.623 0.605 0.587 0570 0554 0.458 0436 0.416 0396 0377 0394 0.371 0.350 0331 0.312 0339 0.317 0.296 0.277 0.258 0 292 0270 0250 0.232 0.215 4 Future Value of $1 Periods 1 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1,082 1.104 3% 1.030 1061 1.093 1.126 1.159 4% 1.040 1082 1.125 1.170 1217 5% 1.050 1.103 1.158 1.216 1276 6% 1.060 1.124 1. 191 1.262 1.338 7% 1070 1.145 1.225 1.311 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1 295 1.412 1 539 10% 1.100 1210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1689 1.925 15% 1.150 1.323 1.521 1.749 2011 8 7 8 9 10 1.062 1.072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1 305 1.344 1.265 1.316 1 369 1.423 1480 1 340 1.407 1.477 1.551 1 629 1.419 1.504 1594 1689 1.791 1.501 1 606 1.718 1.838 1.967 1 587 1714 1.851 1.999 2.159 1.677 1.828 1.993 2.172 2.367 1772 1.949 2.144 2 358 2594 1.974 2211 2.476 2.773 3.106 2.195 2313 2.502 2.660 2 853 3.059 3.252 3.518 3.707 4.046 11 12 13 14 15 1.116 1.127 1.138 1 149 1 161 1.243 1268 1294 1.319 1.346 1 384 1.426 1.469 1.513 1.558 1.539 1.601 1 665 1.732 1 801 1.710 1.796 1 886 1.980 2.079 1.898 2012 2.133 2261 2.397 2.105 2.252 2.410 2.579 2.759 2.332 2.518 2.720 2.937 3.172 2580 2.813 3.066 3.342 3.642 2 853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5.474 4.226 4.818 5492 6.261 7 138 4.652 5.350 6.153 7076 8.137 16 1173 1 184 1 196 1 208 1 373 1.400 1428 1457 1.488 1.605 1 653 1 702 754 1 806 1.873 1 948 2026 2 107 2 191 2540 2 693 2854 3026 3 207 2 183 2 292 2 407 2 527 2653 2952 3.159 3.380 3.617 3870 3.426 3.700 3.996 4 316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.727 6.130 6.866 7.690 8.613 9.646 18 19 20 8.137 9276 10.58 1206 13.74 9358 10 76 1238 14.23 16 37 4 Present Value of Ordinary Annuity of $1 Periods 1 2 3 4 5 1% 0.990 1.970 2.941 3.902 4.853 2% 0.980 1.942 2884 3 808 4.713 3% 0.971 1.913 2.829 3.717 4.580 4% 5% 0.962 0.952 1.886 1.859 2.775 2.723 3.630 3.546 4.452 4.329 6% 0.943 1.833 2.673 3.465 4.212 7% 0.935 1.808 2.624 3.387 4.100 8% 0.926 1.783 2.577 3.312 3.993 7 9% 10% 12% 14% 15% 16 0.917 0.909 0.893 0.877 0.8700 1.759 1.736 1690 1.647 1.626 2.531 2.487 2.402 2.322 2283 22 3.240 3.1703.037 2.914 285521 3.890 3.791 3.605 3.433 3.352 3.: 4.486 4 355 4.111 3.889 3.784 3.6 5.033 4.868 4.564 4.288 4.160 4.0 5.535 5.335 4.968 4.639 4.487 41 5.995 5.759 5.328 4.946 4.772 4.6 6.418 6.145 5.650 5216 5.019 4. 6.805 6.495 5.938 5.453 5 234 5.0 7.161 6.814 6.194 5.660 5.421 5. 7.487 7.103 6.424 5.842 5.583 5.3 7.786 7 367 6.628 6.002 5.724 5.4 8.061 7.606 6.811 6.142 5.847 5! 8.313 7.824 6.974 6.265 595451 8.544 8.022 7.120 6.373 6047 5 8.756 8. 201 7250 6.467 6.128 5. 8.365 8.950 7.366 6.550 6198 5 9.129 8.514 7.469 6.623 6.25953 6 5.795 5.601 5.417 5242 5.076 4.917 4.767 4.623 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5 206 8 7 652 7 325 7.020 6.733 6.463 6.210 5.971 5.747 9 8.566 8.162 7.786 7435 7.108 6.802 6.515 6,247 10 9.471 8.983 8.530 8.111 7722 7.360 7 024 6.710 11 10.368 9.787 9.253 8.760 8.306 7 887 7499 7 139 12 11 255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 13 12 134 11 348 10.635 9.986 9.394 8.853 8.358 7.904 14 13.004 12.106 11 296 10.563 9.899 9.295 8.745 8 244 15 13.865 12.849 11.938 11.118 10 380 9.712 9.108 8.559 16 14 718 13.578 12 561 11 652 10 838 10.106 9.447 8.851 15.562 14 292 13.166 12.166 11 274 10.477 9.763 9.122 18 16.398 14.982 13.754 12 659 11.690 10.828 10.059 9.372 19 17 226 15.678 14 324 13 134 12 085 11.158 10.336 9.604 12 462 11.470 10.594 9.818 5 Future Value of Ordinary Annuity of $1 Periods 1 1% 2% 1000 1.000 2010 2020 3.030 3.060 4.060 4.122 5.101 5.204 2. 3 4 5 3% 1.000 2030 3.091 4.184 5.309 4% 1.000 2.040 3.122 4.246 5.416 5% 1.000 2050 3.153 4310 5.526 6% 1.000 2.060 3.184 4.375 5.637 7% 1.000 2.070 3215 4.440 5.751 8% 1.000 2080 3.246 4.506 5.867 9% 1.000 2.090 3.278 4.573 5.985 10% 1.000 2.100 3310 4.641 6.105 12% 1.000 2.120 3.374 4.779 6.353 14% 1.000 2.140 3.440 4.921 6.610 15% 1.000 2.150 3.473 4.993 6.742 OP 7 6.152 7214 8.286 9.369 10.46 6.308 7.434 8.583 9.755 10.95 6.468 7662 8.892 10.16 11.46 6.633 7.898 9.214 10 58 12.01 6.802 8.142 9.549 11.03 12.58 6.975 8.394 9.897 11.49 13.18 7.153 8.654 10.260 11.98 13.82 7336 8.923 10.64 12.49 14.49 7523 9.200 11.03 13.02 15.19 7.716 9.487 11.44 13.58 15.94 8 9 10 8.115 10.09 1230 14.78 17.55 8,536 10.73 13.23 16.09 19.34 8.754 11.07 13.73 16.79 20.30 11 12 13 14 15 11.57 1268 13.81 14.95 16.10 12.17 13.41 14.68 15.97 17.29 12.81 14.19 15.62 17.09 18.60 13 49 15 03 16.63 18.29 2002 14.21 15.92 17.71 19.60 21.58 14.97 16.87 18.88 21.02 23.28 15.78 17.89 20.14 22.55 25.13 16.65 18.98 21.50 24 21 27.15 17.56 20.14 22.95 26.02 29.36 18.53 20.65 23.04 24 35 21.38 24.13 27 27 29.00 24.52 28.03 3209 34 35 27,98 32 39 37 58 40 50 31.77 37 28 43.84 47 58 35.95 42.75 50.98 55.72 40.54 48 88 59. 12 65.08 45.60 55.75 68 39 75.84 51 16 63.44 78.97 88 21 57.28 7205 9102 1024 16 1726 18 64 18.43 20.01 19 61 2141 20 81 22.84 22 02 24.30 23.66 25 84 28 13 30 54 33 07 20.16 21.82 21.76 23.70 23.41 25 65 25.12 27 67 26 87 29 78 25.67 28 21 30.91 33.76 36.79 27.89 30.84 34.00 37.38 41.00 30.32 33.75 3745 41.45 45.76 18 19 20 33.00 36.97 41.30 46.02 51.16 1. 2 . How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) 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 on June 30, 2018 and December 31, 2018. Explanations are not required 3. 75 0. 79 30 Print Done

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