CON10-1 (Algo) Recording and Reporting Liabilities LO10-5 Pool Corporation, Incorporated, sets swimning pool supplies and...
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CON10-1 (Algo) Recording and Reporting Liabilities LO10-5 Pool Corporation, Incorporated, sets swimning pool supplies and equigment, it is a publicly traded corporation that trades on the NASDAQ exchange. The majority of Pool's curlemers are small, family owned businesses. Assume that Poo issued bondi weh of face value of $760.000.000 on Jarwary 1 of this year and that the coupon rate is 6 perceot, At the time of the borrowing, the arrual market rate of interest was 2 percent. The debt matures in 9 years, and Pool makes interest payments semiannually an dune 30 and December 31. (EV. of S1, PY of S. EVA of. S1, and EVA ef 31) (Use appropriate factor(s) from the tables provideds Requiredi 1. What was the insue price on January 1 of this year? 2. What amount of interest expense should be recorded on June 30 and December 31 of this year? 3. What amount of cath interest should be paid on June 30 and Decembet 31 of this year? 4. What is the book value of the bonds on June 30 and Decenver 3t of this year? Complete thas question by entering vour answers in the tabs beiew. calcutaoons. Woind your final antwers to mearest whose gotar ameunt.)

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