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Present Value Tables Chart of Accounts Journal Final Questions Icons Carbal Inc. product and sells ouder equipment on July 1, 1, Campbell und 25,000,000 of 30 y 10 bonds mamat efectes enceing cash of 6.0.323. on the paya samaally on December 31 de 30 The fiscal year of the company is the Calendar Required: 1 Jurnare the eney towe amount of cash proceeds from the stance of the bonds on I. Ver I 2. Journalire the enties te moord the following The first somian est payment on December 31, Your I, and amortization of no bond pomum, using the strade moto (Pound to the dar) b. The newest pepene er June 20, Yow 2. and the montiration of the band premium, with the serwiegene dine method found to the newes dollar) 1 Desemine eest expense for Your I 4. we the band ways be greater than the face of the bonde when the contracte gaan te mere? Compute the price of S.O.925 received for the bands by using the prevaleabies and other Relerone Chart of Accounts for each wording of account Pointe: 1/1 4. We the band proceeds always be greater than the face amount of the bonds when the contracte is greater than the market re of meer Yes No Points 5. Compute the price of $26,625,925 received for the bonds by using the present value tables (Round to the nearest dolar) Present value of the face amount $25,000,000 X Present value of the semiannual interest payments 1,626,925 X Price received for the bonds S26,625,925 Points 1/3 sh Bonds Payable as always recorded at face value. Any difference in issue price is reflected in a premium or discount account My Work All worked El instrutor Save and

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