TABLE 14A.1 Present Value of 1 Due Inn Periods Rate 2% 3% 5% 8% Periods 6% 9% 1% 10% 12% 15% 1 5 6 7 8 9 10 11 12 13 Nm 000 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0,8734 0.8573 0.8417 0.8264 0.7972 0.7561 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7118 0.6575 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 0.4972 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.5066 0.4323 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.4523 0.3759 0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.4039 0.3269 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 05439 0.5002 0.4604 0.4241 0.3606 0.2843 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.3220 0.2472 0.8963 0.8043 0.7224 06496 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.2875 0.2149 0.8874 0.7885 0.7014 0.6246 0.55680.4970 0.4440 0.3971 0.3555 0.3186 0.2567 0.1869 0.8787 0.7730 0.6810 0.6006 0.5303 0.4688 0.4150 0.3677 0.3262 0.2897 0.2292 0.1625 0.8700 0.7579 0.6611 0.5775 0.5051 0.4423 0.3878 0.3405 0.2992 0.2633 0 2046 0.1413 0.8613 0.7430 0.6419 0.5553 0 481004173 0.3624 0.3152 0.2745 0.2394 0.1827 0.1229 0.8528 0.7284 0.6232 05339 0.4581 0.3935 0 3387 0.2919 0.2519 02176 0.1631 0.1069 0.8444 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.1456 0.0929 0.8360 0.7002 05874 04936 041550.3503 0.2959 0.250202120 0.1799 0 1300 0.0008 0.8277 0.6864 0.5703 0.4746 0.395703305 0.2765 0.2317 0.1945 0.1635 0.1161 0.0703 0.8195 06730 0.5537 0.4564 0.3769 0.3118 0.2584 0.214501784 0.1486 0.10370.0611 0.77980609504776 0.3751 0.29530.2330 0.1842 0.1460 0.1160 00923 00588 0.0304 0.7419 0.5521 0.4120 0.3083 0.23140 1741 01314 00994 0.0754 0.0573 0.0334 0.0151 0.7059 0:50000.3554 0.25340181301301 0.0937 0.0675 0.0490 0.0356 0.0189 00075 0.6717 04529 0.3066 0.2083 0.1420 009720.0668 0.0460 0.0318 0.0221 0.0107 00037 15 16 17 18 19 20 25 30 35 40 TABLE 14A.2 Present Value of an Annuity of 1 Period Rate 7% 6% 9% 2% 3% 10% Periods 12% 18 15% 1 2 3 4 5 6 7 00 9 10 11 12 13 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 08696 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 1.80BO 1.7833 1.7591 1.7355 1.6901 1.6257 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 25771 25313 2.4869 2.4018 22832 39020 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 3.0373 2.8550 48534 4.7135 4.5797 4.4518 4.3295 4.2124 41002 3.9927 3.8897 3.7908 3.6048 3.3522 5.7955 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 4.48594.3553 4.1114 3.7845 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.5638 4.1604 7.6517 7.3255 70197 6.7327 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 4.9676 4.4873 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 5.3282 4.7716 9.4713 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.6502 5.0188 10.3676 9.78689.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 5.9377 5.2337 11.2551 105753 9.954093851 8.8633 8.3838 79427 7.5361 71607 6.8137 6.1944 54206 12 1337 11 3484 10 63509.9856 9.3936 88522 83577 7.9038 74869 7.1034 6.4235 5.5831 13.0037 12 1062 11.2961 10.5631 9.89869.2950 8.7455 8 2442 7.7862 7.3667 66282 57245 138651 12 8493 119379 11.1184 1037979.7122 9.107985595 8.0607 7.6061 68109 5.8474 14. 7179 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 78237 69740 5.9542 15 5623 14 2919 13.1661 12. 1657 11 2741 10 4773 9.763291216 8.5436 3.02167.1196 60472 16.3983 14.9920 13.7535 12.6593 11.6896 10.8276 10 0591 9.3719 8.7556.8.2014 72497 6.1280 17.2260 15.6785 14 3238 13. 1339 12.0853 11 1581 10.3356 9 6036 8,9501 8.3649 73658 6.1982 18.0456 16 3514 14 8775 13.5903 12 4622 11 4699 10594098181 9.1285 8.5136 74694 6 2593 22.0232 19.5235 17,4131 15 6221 14.0939 127834 116536 106748 98226 90770 78431 6.4641 25 8077 22.3965 19 6004 17 2920 15 3725 13.7648 12.4090 11 2578 10.2737 94269 80552 6 5660 29 4086 24 9986 21 4872 18.6646 16 3742 14 4982 12.9477 11.6546 105668 96442 8 1755 66166 32 8347 273555 23 1148 19.7928 17.1591 150463 133317 11.9246 10.7574 97791 9,2438 6.6418 15 16 17 18 19 20 25 30 35 40 Queen Energy Inc. issued bonds on January 1, 2020, that pay interest semiannually on June 30 and December 31. The par value of the bonds is $140,000, the annual contract rate is 8%, and the bonds mature in 10 years. (Use TABLE 14A1 and TABLE 14A-2) (Use appropriate factor(s) from the tables provided.) Required: a. For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Issue Price of the Bonds Market rate interest 6% 8% (1) (2) (3) 10N b. For each of these three situations, prepare the journal entry that would record the Issuance, assuming the market interest rate at the date of issuance was (1) 6%, (2) 8% (3) 10% (Use PV tobles in determining the issue price of the bonds. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list 1 Record the sale of bonds on original Issue date at 6% market interest rate. rate. 2 Record issuance of bond payable at 8% market interest rate. 3 Record issuance of bond payable at 10% market interest rate. Credit Note Journal entry has been entered