Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

straight line method Required information [The following information applies to the questions displayed below] On January 1, 2024, Coney Island Entertainment issues $1,300,000 of 6%

image text in transcribed
straight line method
image text in transcribed
Required information [The following information applies to the questions displayed below] On January 1, 2024, Coney Island Entertainment issues $1,300,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 7% and the bonds issue at a discount. 20. Calculate the issue price of a bond. 2b. Complete the first three rows of an amortization schedule. (FV of S1, PV of S1. FVA of \$1, and PVA of S1) Complete this question by entering your answers in the tabs below. Complete the first three rows of an amortization schedule. (Use appropriate factor(s) from the tables provided. Do not round interest rate factors, Round your answers to nearest whole dollar.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & .0% & 1,5% & 2.0% & 2.5% & 0% & 3.5% & 4.0% & 4.546 & 5.0% & 5.5% & 6.0% & 7.0% & 5.0% & 9.0% & 10.0% & 11.0% & 12.0% & 13.0% \\ \hline 1 & 1.01000 & 1.01500 & \begin{tabular}{l|l} 0 & 102000 \end{tabular} & 102500 & 1.03000 & 1.03500 & 1.04000 & 1.04500 & 1.05000 & 105500 & 1.06000 & 107000 & 1.08000 & 109000 & 1.10000 & 1.11000 & 112000 & 113000 \\ \hline 2 & 1.02010 & 103022 & 21.04040 & 105063 & 106090 & 107123 & 108160 & \begin{tabular}{|l|l|} 0 & 1.09203 \\ \end{tabular} & 1.10250 & 1.11303 & 112360 & 1.14490 & 1.16640 & 1.18810 & 121000 & 123210 & 125440 & 1.27690 \\ \hline 3 & 1.03030 & 1.04568 & \begin{tabular}{l|l|} 5 & 1.06121 \end{tabular} & 107689 & 109273 & 110872 & 1.12485 & \begin{tabular}{l|l|} 5 & 1.14117 \end{tabular} & 115763 & 117424 & 119102 & 122504 & 125971 & 1.29503 & 133100 & 136763 & 140493 & 1+4 \\ \hline 4 & 104060 & 106136 & \begin{tabular}{|l|l|} 508243 \\ \end{tabular} & \begin{tabular}{|l|l|} 3 & 1.10381 \\ \end{tabular} & 1.12551 & 1.14752 & 116986 & \begin{tabular}{|l|l|} 5 & 1.19252 \\ \end{tabular} & 121551 & 1.23882 & 126248 & 1.31050 & 136049 & 1.41158 & 1.46410 & 151807 & 1.57352 & 1.63047 \\ \hline 5 & 105101 & 107728 & 8110408 & 1.13141 & 1.15927 & 1.18769 & 121665 & 1.24618 & 127628 & 1.30696 & 1.33$23 & 1.40255 & 146933 & 1.53862 & 1.61051 & 168506 & 17 & 184244 \\ \hline 6 & 1.06152 & 1.0934 & \begin{tabular}{|l|l|} 4112616 \\ \end{tabular} & \begin{tabular}{l|l|l|} 6 & 1.15969 \\ \end{tabular} & 1.19405 & 5122926 & 1.26532 & 21.30226 & 134010 & 137884 & 1.41852 & 1.50073 & 1.$5687 & 1.67710 & 1.77156 & 187041 & 197382 & 2.08195 \\ \hline 7 & 107214 & 1.10984 & \begin{tabular}{l|l|l|} 4 & 1.14869 \end{tabular} & \begin{tabular}{l|l|} 91 & 18869 \end{tabular} & 1.22987 & 1127228 & 131593 & 31.36056 & 1,40710 & 1.45468 & 150363 & 160578 & 1.71352 & 182804 & 194872 & 207616 & 221068 & 235261 \\ \hlines & 105286 & 1.12649 & \begin{tabular}{l} 9117166 \\ \end{tabular} & \begin{tabular}{l|l} 6 & 1.21840 \end{tabular} & 126677 & 7131651 & 136557 & 1.42210 & 1,47746 & 1.53469 & 159385 & 1.71519 & 185093 & 199256 & 2.14359 & 230454 & 247396 & 26584 \\ \hline 9 & 109369 & 1.14339 & \begin{tabular}{l|l} 9 & 1.19509 \\ \end{tabular} & 91.24886 & 5130477 & 1136290 & 142331 & 11.45610 & 155133 & 161909 & 165948 & 1.83846 & 199900 & 2.17159 & 235795 & 255804 & 277308 & 3.00404 \\ \hline 10 & 1.10462 & 1.16054 & 41.21899 & \begin{tabular}{l|l} 91.25008 \\ \end{tabular} & 134392 & 2141060 & 148024 & 155297 & 162889 & 1.70814 & 1.79055 & 196715 & 215592 & 236736 & 259374 & 283942 & 310585 & 3.39457 \\ \hline 11 & 111567 & 117795 & 5124337 & 7.31209 & 138423 & \begin{tabular}{l} 3145997 \\ \end{tabular} & 153945 & \begin{tabular}{|l|l|} 5 & 1.62285 \end{tabular} & 1.71034 & 180209 & 189830 & 2.10485 & 233164 & 258043 & 2.85312 & 3.15176 & 347855 & 383586 \\ \hline 12 & 112683 & 119362 & \begin{tabular}{l|l|} 2 & 1.26524 \end{tabular} & 413+459 & 1.12576 & 6151107 & 160103 & \begin{tabular}{l|l|} 31 & 169585 \\ \end{tabular} & 179556 & 190121 & 201220 & 225219 & 251817 & 281266 & 3.13843 & 349515 & 3.8 & 433452 \\ \hline 13 & 1.13409 & 121355 & \begin{tabular}{l|l|l} 5 & 129361 \end{tabular} & 1137851 & 146553 & 1156396 & 5166507 & 177220 & 184565 & 200577 & 2.13293 & 2,40055 & 271962 & 3.06580 & 345227 & 3.88328 & 436349 & 489801 \\ \hline 14 & 1.14947 & 123176 & 6 t31945 & 5141297 & 151239 & 9161569 & 1.73168 & 15194 & 197993 & 2.11609 & 2.26090 & 257853 & 293719 & 3.34173 & 3.79750 & 431044 & 488711 & 5.53475 \\ \hline 15 & 1.1609 & 125023 & \begin{tabular}{l|l} 3 & 1.34587 \end{tabular} & 7.144830 & 1.55797 & 7167535 & 1.10009 & 4193528 & 207893 & 223245 & 239656 & 2.75903 & 317217 & 36+248 & 41725 & 4.7859 & 5+7357 & 625427 \\ \hline 16 & 117258 & 126899 & 9137279 & \begin{tabular}{l|l|l|} 9 & 1.48451 \end{tabular} & 1.60471 & 1173599 & 1117298 & 3202237 & 218287 & 233526 & 2.54035 & 293216 & 3.42594 & 397031 & 45949? & 531059 & 61 & 706733 \\ \hline 17 & 118430 & 28802 & 21.40024 & \begin{tabular}{l|l} 4 & 152163 \end{tabular} & 165251 & 5179968 & 194790 & 2.11338 & 2.29202 & 248450 & 26027 & & 370002 & +32763 & 505+47 & 589509 & 656604 & 798603 \\ \hline is & 1.19615 & & 41.02825 & 51.55%6 & 5170243 & 318579 & 202512 & 220848 & 2+0662 & 262147 & 2.55434 & 33793 & 190002 & 47712 & 555992 & 654353 & 765997 & 902427 \\ \hline 19 & 120811 & 1.32095 & 31.45651 & \begin{tabular}{l|l|l|} 1 & 159663 \\ \end{tabular} & 81.78351 & 1.92250 & 2.065 & 230786 & 252695 & 276565 & 302560 & 361653 & 431570 & 5,14160 & 611591 & 726334 & 861276 & 101974 \\ \hline 20 & 122019 & 213468 & 51.4595 & & 21.0011 & 1.99979 & 219112 & 2+117 & 265530 & 291776 & 320714 & 3116965 & 460006 & 56041 & 672750 & 506231 & 964629 & 11,52109 \\ \hline 21 & 125239 & 91.36706 & \begin{tabular}{l|l|} 6 & 1.51567 \\ \end{tabular} & & 1156029 & 9205063 & 22767 & 252024 & 276996 & 3.07623 & 3.30936 & 414056 & 503313 & 6.10851 & 740025 & 89617 & 10.8035 & 130210 \\ \hline 22 & 12442 & 1.38736 & 6154598 & 8172157 & 191610 & 221315 & 23692 & 261155 & 292526 & 32474 & 36035 & & 5.43654 & 6.65860 & 1.14027 & 993337 & 12:10031 & 14738 \\ \hline 23 & 125716 & 3. 1.40838 & 3157690 & 01.76161 & 1197559 & 9220611 & 246472 & 2.75217 & 30752 & 342615 & 381975 & 474053 & 357146 & 725787 & 895430 & 11.02627 & 1353235 & 1662567 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.

1st Edition

0138129711, 978-0138129712

More Books

Students also viewed these Accounting questions

Question

What are the purposes of performance appraisals?

Answered: 1 week ago