Required information P10-6 (Static) Recording and Reporting Bonds Issued at a Discount L010-4 [The following information applies to the questions displayed below) PowerTap Utilities is planning to issue bonds with a face value of $1,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. PowerTap uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) P10-6 Part 1 Required: 1. What was the issue price on January 1 of this year? (Round your final answers to nearest whole dollar amount.) Issue price Required information P10-6 (Static) Recording and Reporting Bonds Issued at a Discount L010-4 (The following information applies to the questions displayed below.) PowerTap Utilities is planning to issue bonds with a face value of $1,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. PowerTap uses the effective interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) P10-6 Part 2 2. What amount of interest expense should be recorded on June 30 and December 31 of this year? (Round your final answers to nearest whole dollar amount.) June 30 December 31 Interest expense Required information P10-6 (Static) Recording and Reporting Bonds Issued at a Discount L010-4 [The following information applies to the questions displayed below.) PowerTap Utilities is planning to issue bonds with a face value of $1,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. PowerTap uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) P10-6 Part 3 3. What amount of cash should be paid to investors June 30 and December 31 of this year? June 30 December 31 Cash paid Required information P10-6 (Static) Recording and Reporting Bonds Issued at a Discount L010-4 (The following information applies to the questions displayed below.) Power Tap Utilities is planning to issue bonds with a face value of $1,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Power Tap uses the effective interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1. PV of $1. FVA of S1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) P10-6 Part 4 4. What is the book value of the bonds on June 30 and December 31 of this year? (Round your final answers to nearest whole dollar amount.) June 30 December 31 Bonds payable ON 3.75 4.0 4.25 S.ON 0.0% 7.0% Future Value of $1 Periode 1.09 1 101000 2 102010 3 101010 4 to 5 105101 6 1.06152 7 1,07214 8 108286 9 10939 10 1.10462 Future Value of $1 Paris 1.0% 102000 104040 1,06121 1.00 1 10408 1.12616 1.14869 1.17166 1.19500 1.218 1.03000 106030 1.09273 1.12551 1.15927 1.19405 122907 1.2677 1.30477 1.3492 103750 107641 111677 115865 1.20210 124718 1.29395 1.34247 139261 1.44504 104000 100160 112486 1.1696 1.21665 1.26532 131590 136857 1.42331 1.48024 104250 108681 1.13300 1.18115 1.23135 1.28368 1.33824 139511 1.45440 1.51621 105000 1.10250 1.15763 1.21551 127628 1.34010 1.40710 1.47746 1.55133 1.62009 106000 1.12360 1.19102 1.26248 133823 1.41852 1.50353 1.59385 168948 1.79085 107000 1.14490 122504 131080 140255 1.50073 1 60578 1.71819 183846 196715 1.0 3.ON 4.0 4.25 5.0 1.09 11 12 13 14 15 16 1.24337 1.26824 1.29361 131948 1.49923 155545 161370 167430 1.73709 130221 112653 1.13809 1.14947 1.16037 L.17250 115450 1.19615 1.20011 122019 1223 1,34785 1.37279 140024 1.42825 138423 1.42576 1.46853 1.51259 1.55797 1.60471 1.65285 1.7024 1.75351 130611 209378 2.42726 153945 1.60103 16657 1.73168 1.8004 1.87298 1.94790 202582 2.10685 219112 206584 324340 1.58065 164783 1.71786 1.79087 1.86699 1.94633 202005 2.11529 2.20519 2.20001 2305 1.71034 1.79586 188565 1.97993 2.07893 2.10287 2.29202 2.40662 2.52695 265330 330635 432104 SON 189830 201220 2.13293 2.26090 2.30656 2.54035 2.69277 28504 3.02560 3.20714 4.29182 5.74349 2.10035 2.25219 240985 2.57853 2.75903 2.95216 3.15882 237993 161653 3.86068 54274 761226 19 20 25 30 1439 1.64061 1.8116 1.9093 201261 208015 2.51017 301747 Future Value of $1 Periods 2.0 9.05 10.ON 11.0N 12.ON 13.0% 14.05 1 2 3 4 1.03000 110010 129503 101000 1.16640 1.25971 136049 146 15867 171382 185093 1.99900 2.15892 1.10000 121000 1.33100 1.46410 161051 177156 194872 2.14059 2.35795 2.59374 15186 167710 182004 1.1 1000 1.23210 136763 151807 1.63506 187041 207616 2.30454 255804 283942 1.12000 1.25440 1.40493 1.57352 1.76234 197382 2.21068 24759 2.77300 3.10585 1.13000 1.27090 1.44290 163047 184244 20019 2.35261 2.65844 3.00404 3.39457 15,0% 115000 1.12250 152088 1.74901 201116 2.31306 2.66002 3.05902 351788 404556 1.14000 1.79360 148154 168096 192541 2.19497 2.50227 2.85259 3.25195 2.70722 6 7 10.05 1.20000 1.44000 1.72800 207360 248832 2.98598 3.58310 429982 515978 6.19174 1.25000 1.56250 195313 2.44141 305176 3.81470 4.76837 5.96046 7 ASOS 9.31323 9 10 21710 2.36736 11.09 25.0% Future Value of $1 Periode 3.09 11 2.33164 12 251817 19 2.71962 14 2.93719 15 3.17217 16 3.42594 17 370003 18 3.99602 131570 20 46096 25 6 84843 30 10.06264 9.0% 2.58043 281266 206580 234173 364248 197051 432763 471712 5.14166 5.60441 10.05 2.95312 213843 3.45277 3.79750 4.17725 459497 5.05447 5.55992 6.11591 672750 10 83471 17.46940 115176 3.49845 3.88328 43101 478459 531089 11.09 3.47855 3.89538 4.36349 488711 5.47357 613009 636604 7.68997 361270 9.64629 17.00005 29.952 13.05 383586 433452 4.89801 551475 625427 706733 7.98608 9.02427 10.19742 11.52309 21.23054 39.11590 16 ON 422623 481790 5.49341 6.26135 7.13794 8.13725 9.27646 10.57512 12.05569 13.74349 26.46192 50.95016 465239 535025 6.15279 7.07571 8.13706 9.35762 1076126 12.37545 14.23177 16.36654 3291895 421177 20.0% 743008 891610 10.69932 12.82918 15.40702 18.48843 22.18611 26,62333 31.94800 38.33750 95 39622 237,37631 11.64153 14 55192 18.18989 22.73737 2842171 35 52714 44.40892 55.51115 69.38094 86.73617 264.69780 807.79357 6.56355 7.26334 806231 13.58546 22.89230 362300 13.26752 Present Value of $1 Periodo 1.0% 2.09 3.75% 4.09 5.0 6.05 7.0% 099039 0.96117 094232 092355 0.90573 0.88797 0.87056 085349 0.83676 0.82035 0.97087 0.94260 091514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.96386 0.92902 0.89544 0.86307 0.83188 0.80181 0.77283 0.74490 0.71797 0.69202 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 0.95923 0.92013 0.88262 0.84663 0.81212 0.77901 0.74725 0.71679 0.68757 0.65954 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55839 0.93458 0.87344 0.01630 0.76290 071299 0.6663 0.62225 0.58201 0.54393 0.50835 2.0% 3.0% 3.75 4.0% 4.25% 5.0% 6.0% 7.0% 1 0.99010 2 0.98030 3 0.97059 4 096093 5 0.95147 6 094205 7 0.93272 8 092343 9 0.91434 10 0.90529 Present Value of $1 Periods 1.03 0.89632 12 0.88745 0.87866 14 0.86996 15 0.86135 16 0.85282 17 0.84438 18 0.83602 19 0.82774 20 0.81954 25 0.77977 30 0.74192 Present Value of $1 Periods 8.0% 1 0.92593 2 0.85734 3 0.79383 4 0.73503 5 0.68058 6 0.63017 7 0.58349 8 0.54027 9 0,50025 10 0.46319 Present Value of $1 Periods 8.0 0.80426 0.78849 0.77303 0.75788 0.74301 0.72845 0.71416 0.70016 0.68543 0,67297 0.60953 0.55207 0.72242 0.70138 0.68095 0.66112 0.64186 0.62317 0.60502 0.58739 0.57029 0.55368 0.47761 0.41199 0.66701 0.64290 0.61966 0.59726 0.57568 0.55487 0.53481 0.51548 0.49685 0.47889 0.39833 0.33140 0.64958 0.62450 0.60057 0.57748 0.55526 0.53391 0.51337 0.49363 0.47454 045639 0.37512 0.30832 0.63265 0.60686 0.58212 0.558.39 0.53562 051379 0.49284 047275 0.45348 0.43499 0.35326 0.28689 0.58468 0.55684 0.53032 0.50507 0.48102 0.45811 0.43630 0.41552 0.39573 0.37689 0.29530 0.23138 0.52679 0.49697 0.46884 0.44230 0.41727 0.39365 0.37136 0.35034 0.33051 0.31180 0.23300 0.17411 0.47509 0.44401 041496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27651 0.25842 0.18425 0.13137 10.0% 12.05 13.0% 15.0% 20.0% 25.0% 0.91743 084168 0.77218 0.7084) 064993 0.59627 054703 0.50187 0.46043 0.42241 0.90909 0.82645 0.75131 0.68301 062092 0.56447 051316 0.46651 0.42410 0.38554 0.90090 0.81162 0.73119 0.65873 059345 0.53454 0.48166 0.43393 0.39092 0.35218 0.89286 0.79719 0.71178 0.6358 0.5674 050663 0.45235 0.40388 0.36061 0.32197 0.88496 0.78315 0.69305 0.61332 0.54276 0,48032 0.42506 0.37616 0.33288 0.29459 14.0% 0.87719 0.76947 0.67497 0.59200 0.51937 0.45559 0.39964 0.35056 0.30751 0.26974 0.86957 0.75614 0.65752 0.5717 0.49718 0.43233 0.37594 0.32690 0.28426 0.24718 0.83333 0.69444 0.57870 0.48225 0.40188 0.33490 0.27908 0.23257 0.19381 0.16151 0.80000 0.64000 051200 0.40960 0.32768 0.26214 0.20972 0.16777 0.13422 0.10737 0.0% 10.0% 11.0% 12.0% 13.0% 14.0% 20.0% 25.0% 11 12 13 14 15 16 17 18 19 20 25 30 0.42888 0.39711 0.36770 0.34046 0.31524 0.29189 0.27027 0.25025 0.23171 0.21455 0.14502 0.09938 0.38753 0.35550 0.32618 0.29925 0.27454 0.25181 0.23107 0.21199 0.19449 0.17843 0.11597 0,07537 035009 0.31853 0.28966 026333 0.23939 0.21763 0.19784 0.17986 016351 014864 0.09230 0.05731 0.31728 0.28584 0.25751 0.23199 0.20900 0.18529 0.16963 0.15282 0.13768 0.12403 0.07361 0.04368 0.28748 0.25658 0.22917 0.20462 0.18270 0.16312 0.14564 0.13004 0.11611 0.10367 0.05882 0.03338 0.26070 0.23071 0.20416 0.18068 0.15989 0.14150 0.12522 0.11081 0.09806 0.08678 0.04710 0.02557 0.23662 0.20756 0.18207 0.15971 0.14010 0.12289 0.10780 0.09456 0.08295 0.07276 0.03779 0.01963 15.0% 021494 0.18691 0.16253 0.14133 0.12289 010686 0.09293 0.08081 0.07027 0.06110 0.03038 0.01510 0.13459 0,11216 0.09346 0.07789 0.06491 0.05409 0.04507 0.03756 0.03130 0.02608 0.01048 0.00421 0.08590 0.06872 0.05498 004398 0.03518 0,02815 0.02252 0.01801 0.01441 001153 0.00378 0.00124 2.05 3.0 3.755 4.0% 3.0 0.0% 7.0% 1.00000 2.05000 215250 Future Value of Annuity of $1 Per 1.03 1 100000 2 201000 303010 4 4.06040 5 5.10101 5 6.15202 7 721054 8 8.28567 9 9.36853 10.45221 Future Value of Annuity of $1 Periode 1.0% 1.00000 2.02000 106040 4.12161 5 20404 6.30012 7.43428 58297 9.75463 10.94972 1.00000 203000 309090 4.18963 5.30914 6.46841 7.66246 L89234 10.15911 11.46388 1.00000 2.03750 311391 4.23068 5.38933 6.59143 7.83861 3.13255 10.47503 11.86784 1.00000 2.04000 312160 4.24646 541632 6.63298 7.89823 9.21423 10.58280 12.00611 4,255 1.00000 2.04250 3.12931 4.26230 5.44345 6.67480 7.95848 9.29671 10.69132 1214622 4.31013 5.52563 6.80191 8.14201 9.54911 11.02656 12.57789 1.00000 206000 310360 4.37462 563709 6.97532 8.29384 9.89747 11.49132 1218079 100000 2.07000 3.21490 4.43994 575074 7.15329 65402 10.25980 1197799 13.81645 2.0 5.ON 6.0% 7.0% 12.16872 13.41209 14.68033 15.97394 17.29342 18.63929 20.01207 21.41231 2284056 24.29737 32.03030 40.56808 12.80780 14.19203 15 61779 17.00632 18.59891 20.15688 21.76150 23.41444 25.11687 26.87037 36.45926 47.57542 3.75% 13.31288 14.81212 16.36757 17.98135 19,65565 21.39274 23.19497 25.06478 27.00471 29.01739 40.27112 53.79924 4.0N 13.48635 15.02581 16.62684 18.29191 20.02359 21.82453 23.69751 25.64541 27.67123 2077808 41.64591 56.08194 13.66244 15.24309 16.89092 18 60879 20.39966 22.26665 24.21290 26.24203 28.35732 30.56250 43.07648 58.48553 14 20679 15.91713 12.71290 19.59863 21.57856 23.65749 25.84037 28.13238 30.53900 3306995 47.72710 66.43885 14.97164 16,86994 18.88214 21.01507 23.27597 25.67253 28.21288 30.90565 33.75999 36.78559 54.864$1 79.05819 15.78160 17.88845 20.14064 22.55049 25.12902 27.88805 30.84022 33.99900 37.37896 40.99549 63.24904 94.46079 11 56683 12 12.68250 13.80933 14 1494742 15 16.09690 16 17.25786 17 18.43044 18 19.61475 19 20.31090 20 2201900 25 28.24320 30 34.78489 Future Value of Annuity of $1 Periods 1 1.00000 2 2.08000 3 3.24540 4 450511 3 5.86660 6 7.33593 7 8.92280 10.63663 9 12.48756 10 14.45656 Future Value of Annuity of $1 Periods 8.0% 11.09 12.0% 14.0% 15.09 20.0% 25.0% 1.00000 209000 3.27810 4.57313 598471 752333 9.2003 11.02847 13.02104 15.19293 10.05 1.00000 2.10000 331000 4.54100 6.10510 7.71561 9.48717 1143589 13.57948 15.93742 100000 2.11000 3.34210 4.70973 6.22780 791286 9.78327 1185943 14.56397 16.72201 100000 2.12000 3.37440 4.77933 6.35285 8.11519 10.08901 12.29969 1477566 17.54874 1.00000 213000 3.40690 4.84980 6.48027 8.32271 10.40466 12.75726 15.41571 18.41975 1.00000 2.14000 3.43960 4.92114 6,61010 8.53552 10.73049 13.23276 16.08535 19.33730 1.00000 2.15000 3.47250 4.99337 6.74238 8.75374 11.06680 1272682 16.78584 20.30372 1.00000 2.20000 3.64000 5.36800 7.44160 9.92992 1291590 15.49908 20.79890 25.95060 1.00000 2.25000 3.81250 5.76563 8.20703 11.25879 15.07349 19.84186 25.80232 33.25290 9.0 10.0% 12.0N 14.0% 15.0 20.09 25.0% 11 12 13 14 15 16 1664545 18.97713 21.49530 2021492 27.15211 30.32428 33.75073 3745024 41.44626 45.76196 7310594 113.28321 1756029 20.10072 22.95330 26.01919 29.36092 30.00340 3697370 41.30134 46.01846 51.16012 34.70090 136, 30754 18.53117 21.38428 24.52771 27.97498 3177248 35 073 4054470 45.59917 51.15909 57.27500 98 34706 164.49402 11.0% 19.56143 22.71319 26.21164 30.09492 34.40536 39. 1995 4450084 50.39994 56.93949 6420283 114 41331 199.0208 20.65458 2413313 28.02911 32 39260 37.27971 42.75328 4888367 55.74971 63.43968 72.05244 13332187 241.33268 21-81432 25.65018 29.90470 34.88271 4041746 46,67173 53.73906 61.72514 70.74941 80.94683 155 61956 293.19922 23.04452 27.27075 32.06865 37.58107 43.84241 50 98035 59.11760 68. 39407 78.96923 91.02493 18137033 356.78635 24.34928 29.00167 3435192 40 50473 47.58041 5571747 65.07509 75.83636 88.21181 102.44358 21279302 4374515 32.15042 39.58050 41.49660 59. 19592 72.03511 87.44213 105.93056 120.11667 154.74000 186.68800 471.98108 1181.88157 4256613 54 20766 58.75950 3694947 109.68584 13110855 17363563 218 04450 273.55576 342 94470 105479118 3227.17427 19 20 25 30 Present Value of Annuity of 51 Periode 1.0 2.0 3.0 3.75 LON 4.255 7.09 1 2 3 0:30 183319 2.57301 4 5 099010 197040 2.54099 3.90197 485343 5.79549 6.72819 7.65168 8.86602 9.47130 098039 194155 2.88380 330773 4.71346 5.60143 6.47199 7.32543 8.16224 8.98259 0.97087 191347 212561 371710 4.57971 5.41719 6.23028 701969 7.70611 253020 0.96356 1.89287 2.78831 3.65138 448326 5.28507 6.05790 6.80280 7.52077 8.21279 0.96154 188609 2.77509 3.62990 445182 5.24214 6.00205 6.73274 7.48530 8.11090 0.95923 1.87935 2.76198 3.60861 442073 519974 594699 6.66378 7.35135 3010 3.09 0.95238 1841 2.72725 154595 4229 50756 5.73537 645321 7.10782 7.72173 093450 180802 2.62432 238721 410020 475654 538929 597130 651520 7.02358 421236 491722 5.58270 620979 6.B01 7.3600 6 2 8 9 10 Present Value of Annuity of $1 Periods 1.09 2.0 1.0% 3.75% 4.05 4.25 5.05 GON 7.0 9.25262 995400 10.63496 11.29507 1193794 12.56110 13.16612 13.75351 14.32380 14.87747 1741315 19.60044 8.87979 9.52269 10.14236 10.73962 11.31530 11.87017 12/40498 12.92045 13.41731 13.9620 16.04320 17.82925 9.38507 9.98565 10.56312 11.11839 11.65230 12.16567 12.65930 13.13194 1359030 15.62208 17.29200 8.64354 9.25039 9.83251 10.39090 1092652 11.44031 11.93315 12.40590 12.55938 13.29637 1521734 16.77902 896325 9.39357 9.29864 10.37966 10.80777 11.27407 11 6959 12.08532 12.46221 1409014 15.37245 7385 3834 8.85250 9.2960 971225 10.10500 10.47725 10.32760 11.15812 11.46992 12.78335 13.75433 7.49867 794269 8.35765 374547 9.10790 9.40665 9.76322 10.05005 10.31560 10.59401 11.65358 12.40904 10.09 12.05 13.05 20.05 10.36763 9.78685 12 11.25508 10.57534 13 12.13374 11.34837 14 1300370 12.10625 15 13.86505 12.84926 16 14.71787 13.57771 17 1556225 14.29187 18 1639827 14.99203 19 17.22601 15.67846 20 18.04555 16.35143 25 22.02316 1952346 30 25.80771 22.39646 Present Value of Annuity of 51 Periods 3.0 0.0% 1 0.92593 0.9170 2 1.78326 1.75911 3 2.57710 253129 4 3.31213 3.28972 S 3.99271 3.88965 6 4.6228 448592 7 5 20537 503295 5.74664 5.53482 9 6.24629 5.99525 10 6.71008 641766 Present Value of Annuity of $1 Periods 8.0% 9.05 11 7.13896 6.80519 12 7.53608 7.16072 13 7.90378 7.48690 14 8.24424 7.78615 15 155948 8.06060 16 8.85137 8.31256 17 9.12164 8.54363 18 9.37109 2.75563 19 9.60360 95011 20 981815 9.12855 25 19:67478 9.82258 30 11.25278 10.27365 0.90909 173554 248605 3.16987 3.79079 435526 4.86842 5.33493 5.75002 6.14457 0.83333 152770 2.1060 258873 299061 0.90000 171252 2.44371 3.10945 3.69590 423054 471220 5.14612 5.53705 5.80923 0.89296 1.69005 2.40183 3.03735 3.60478 411141 456376 4.96764 5.32825 5.65022 14.09 0.87210 1.64666 2.32163 291371 342308 3887 428330 4.53886 494637 521612 0.88496 166510 236115 2.9747 351723 3.99755 442261 4.79577 5.13166 5.42624 15.0 0.86957 162571 2.26323 2.85290 35216 3.748 41600 25.0% 0.80000 1.44000 1.95200 236160 268928 2.95142 3.16114 3.12091 3.45313 3.57050 3.50459 383716 403097 7718 5.01877 10.05 11.05 14.0 20.0% 25.09 6.49505 6.81369 7.10336 7.36669 7.60608 7 82371 8.02155 8.20141 8.36492 R51356 907704 9.42691 6.20652 6.49236 6.74987 698187 7.19087 7.37916 7.54879 7.70162 7.83929 7.96333 8.42174 369379 165640 3.72512 3.78010 3.82000 385920 12.0% 5.93770 6.19437 6.42355 6.62817 681006 6.97399 7.11963 724967 7.36578 7.46944 7.84316 8.05518 56364 591765 6.12181 6.30249 6.46234 660388 6.72909 6.8.1991 6.93797 702015 7.32998 7.49565 5.45273 5.66029 5.84236 6.00207 6.14212 6.26506 637285 5.23071 5.60062 558015 5.72648 5.84737 5.95423 6.04715 6.12797 6.19823 32704 4322 453250 461057 467547 472955 477653 481219 30350 43650 390990 392794 294235 6.55037 662313 6.87293 7.00266 3984 E66415 656590 9784