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Issuance of a Bond at Face Value On January 1, 2017, Whitefeather Industries issued 700, $1,000 face value bonds. The bonds have a(n) 10-year life and pay interest at the rate of 10%. Interest is paid semiannually on July 1 and January 1. The market rate of interest on January 1 was 10%. Use the present value tables that may be found by clicking on the present value table links above. Round your answer to the nearest dollar. Calculate the issue price of the bonds and record the issuance of the bonds on January 1, 2017. Round your final answer to the nearest dollar. I have to find the value of cash assets, liabilities, revenues and net income

Issuance of a Bond at Face Value On January 1, 2017, Whitefeather Industries issued 700, $1,000 face value bonds. The bonds have a(n) 10-year life and pay interest at the rate of 10%. Interest is paid semiannually on July 1 and January 1. The market rate of interest on January 1 was 10%. Use the present value tables that may be found by clicking on the present value table links above. Round your answer to the nearest dollar. Calculate the issue price of the bonds and record the issuance of the bonds on January 1, 2017. Round your final answer to the nearest dollar. I have to find the value of cash assets, liabilities, revenues and net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Issuance of a Bond at Face Value

On January 1, 2017, Whitefeather Industries issued 700, $1,000 face value bonds. The bonds have a(n) 10-year life and pay interest at the rate of 10%. Interest is paid semiannually on July 1 and January 1. The market rate of interest on January 1 was 10%. Use the present value tables that may be found by clicking on the present value table links above. Round your answer to the nearest dollar.

Calculate the issue price of the bonds and record the issuance of the bonds on January 1, 2017. Round your final answer to the nearest dollar.

I have to find the value of cash assets, liabilities, revenues and net income

8/30/22, 10:50 AM TABLE 9-4 Present Value of Annuity of $1 (N) Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 24 26 28 30 2% 3% 4% 5% table_9-4.png (813x565) 6% 7% https://college.cengage.com/geyser/porter_9781337276337/images/ch09/table_9-4.png 8% 10% 12% 98039 97087 96154 95238 .94340 93458 92593 .90909 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.73554 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.48685 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.16987 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.79076 5.60143 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 4.35526 6.47199 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 4.86842 7.32548 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 5.33493 8.16224 7.78611 7.43533 6.24689 5.75902 7.10782 6.80169 6.51523 7.72173 7.36009 7.02358 8.98259 8.53020 8.11090 6.14457 6.71008 7.13896 6.49506 9.78685 9.25262 8.76048 10.57534 9.95400 9.38507 11.34837 10.63496 9.98565 12.10625 11.29607 10.56312 9.89864 9.29498 8.24424 7.36669 6.62817 12.84926 11.93794 9.71225 8.55948 7.60608 6.81086 13.57771 12.56110 10.83777 10.10590 8.85137 7.82371 6.97399 11.11839 10.37966 11.65230 12.16567 12.65930 14.29187 13.16612 8.30641 7.88687 7.49867 8.86325 8.38384 7.94269 7.53608 6.81369 9.39357 8.85268 8.35765 7.90378 7.10336 8.74547 9.10791 9.44665 11.27407 10.47726 9.76322 9.12164 8.02155 11.68959 10.82760 10.05909 9.37189 8.20141 12.08532 11.15812 10.33560 9.60360 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.20074 8.77154 7.64465 18.91393 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 8.98474 7.78432 20.12104 17.87684 15.98277 14.37519 13.00317 11.82578 10.80998 9.16095 7.89566 21.28127 18.76411 16.66306 14.89813 13.40616 12.13711 11.05108 9.30657 7.98442 22.39646 19.60044 17.29203 15.37245 13.76483 12.40904 11.25778 9.42691 8.05518 7.11963 14.99203 13.75351 7.24967 15.67846 14.32380 13.13394 8.36492 7.36578 8.51356 7.46944 .89286 1.69005 2.40183 3.03735 3.60478 4.11141 4.56376 4.96764 5.32825 5.65022 5.93770 6.19437 6.42355 15% .86957 1.62571 2.28323 2.85498 3.35216 3.78448 4.16042 4.48732 4.77158 5.01877 5.23371 5.42062 5.58315 5.72448 5.84737 5.95423 6.04716 6.12797 6.19823 6.25933 6.35866 6.43377 6.49056 6.53351 6.56598 DISA 1/1
Transcribed Image Text:8/30/22, 10:50 AM TABLE 9-4 Present Value of Annuity of $1 (N) Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 24 26 28 30 2% 3% 4% 5% table_9-4.png (813x565) 6% 7% https://college.cengage.com/geyser/porter_9781337276337/images/ch09/table_9-4.png 8% 10% 12% 98039 97087 96154 95238 .94340 93458 92593 .90909 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.73554 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.48685 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.16987 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.79076 5.60143 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 4.35526 6.47199 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 4.86842 7.32548 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 5.33493 8.16224 7.78611 7.43533 6.24689 5.75902 7.10782 6.80169 6.51523 7.72173 7.36009 7.02358 8.98259 8.53020 8.11090 6.14457 6.71008 7.13896 6.49506 9.78685 9.25262 8.76048 10.57534 9.95400 9.38507 11.34837 10.63496 9.98565 12.10625 11.29607 10.56312 9.89864 9.29498 8.24424 7.36669 6.62817 12.84926 11.93794 9.71225 8.55948 7.60608 6.81086 13.57771 12.56110 10.83777 10.10590 8.85137 7.82371 6.97399 11.11839 10.37966 11.65230 12.16567 12.65930 14.29187 13.16612 8.30641 7.88687 7.49867 8.86325 8.38384 7.94269 7.53608 6.81369 9.39357 8.85268 8.35765 7.90378 7.10336 8.74547 9.10791 9.44665 11.27407 10.47726 9.76322 9.12164 8.02155 11.68959 10.82760 10.05909 9.37189 8.20141 12.08532 11.15812 10.33560 9.60360 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.20074 8.77154 7.64465 18.91393 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 8.98474 7.78432 20.12104 17.87684 15.98277 14.37519 13.00317 11.82578 10.80998 9.16095 7.89566 21.28127 18.76411 16.66306 14.89813 13.40616 12.13711 11.05108 9.30657 7.98442 22.39646 19.60044 17.29203 15.37245 13.76483 12.40904 11.25778 9.42691 8.05518 7.11963 14.99203 13.75351 7.24967 15.67846 14.32380 13.13394 8.36492 7.36578 8.51356 7.46944 .89286 1.69005 2.40183 3.03735 3.60478 4.11141 4.56376 4.96764 5.32825 5.65022 5.93770 6.19437 6.42355 15% .86957 1.62571 2.28323 2.85498 3.35216 3.78448 4.16042 4.48732 4.77158 5.01877 5.23371 5.42062 5.58315 5.72448 5.84737 5.95423 6.04716 6.12797 6.19823 6.25933 6.35866 6.43377 6.49056 6.53351 6.56598 DISA 1/1
8/30/22, 10:50 AM TABLE 9-2 Present Value of $1 (N) Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 24 26 28 30 2% 98039 96117 94232 92385 90573 88797 87056 .85349 83676 82035 80426 78849 77303 75788 74301 72845 71416 70016 68643 .67297 .64684 .62172 59758 57437 55207 3% .97087 94260 91514 88849 86261 83748 81309 78941 76642 74409 72242 70138 .68095 66112 .64186 62317 60502 58739 57029 55368 52189 49193 46369 43708 41199 4% 96154 92456 88900 85480 82193 .79031 75992 73069 70259 .67556 .64958 62480 .60057 57748 55526 53391 51337 49363 47464 45639 42196 39012 36069 33348 30832 5% 95238 90703 .86384 82270 78353 74622 .71068 .67684 64461 61391 58468 55684 53032 50507 48102 45811 43630 41552 39573 37689 34185 31007 28124 25509 23138 6% table_9-2.png (810x566) 94340 89000 83962 79209 74726 .70496 66506 .62741 59190 55839 52679 49697 46884 44230 41727 39365 37136 35034 33051 31180 27751 24698 21981 19583 17411 7% 93458 .87344 .81630 .76290 .71299 .66634 .62275 .58201 54393 50835 .47509 .44401 .41496 .38782 .36245 .33873 .31657 .29586 27651 .25842 .22571 .19715 .17220 15040 .13137 https://college.cengage.com/geyser/porter_9781337276337/images/ch09/table_9-2.png 8% 92593 .85734 .79383 .73503 .68058 .63017 .58349 54027 50025 0.46319 .42888 .39711 .36770 .34046 .31524 29189 27027 .25025 23171 21455 .18394 15770 .13520 .11591 .09938 10% .90909 .82645 .75131 .68301 62092 .56447 51316 .46651 42410 .38554 35049 .31863 28966 .26333 23939 .21763 19784 .17986 .16351 .14864 12285 .10153 08391 06934 .05731 12% .89286 .79719 .71178 .63552 56743 .50663 45235 40388 .36061 32197 28748 25668 .22917 20462 .18270 16312 .14564 .13004 .11611 10367 08264 06588 05252 04187 03338 15% .86957 75614 .65752 57175 49718 43233 37594 32690 28426 24718 21494 .18691 16253 14133 .12289 .10686 09293 08081 07027 06110 04620 03493 02642 01997 01510 DISA 1/1
Transcribed Image Text:8/30/22, 10:50 AM TABLE 9-2 Present Value of $1 (N) Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 24 26 28 30 2% 98039 96117 94232 92385 90573 88797 87056 .85349 83676 82035 80426 78849 77303 75788 74301 72845 71416 70016 68643 .67297 .64684 .62172 59758 57437 55207 3% .97087 94260 91514 88849 86261 83748 81309 78941 76642 74409 72242 70138 .68095 66112 .64186 62317 60502 58739 57029 55368 52189 49193 46369 43708 41199 4% 96154 92456 88900 85480 82193 .79031 75992 73069 70259 .67556 .64958 62480 .60057 57748 55526 53391 51337 49363 47464 45639 42196 39012 36069 33348 30832 5% 95238 90703 .86384 82270 78353 74622 .71068 .67684 64461 61391 58468 55684 53032 50507 48102 45811 43630 41552 39573 37689 34185 31007 28124 25509 23138 6% table_9-2.png (810x566) 94340 89000 83962 79209 74726 .70496 66506 .62741 59190 55839 52679 49697 46884 44230 41727 39365 37136 35034 33051 31180 27751 24698 21981 19583 17411 7% 93458 .87344 .81630 .76290 .71299 .66634 .62275 .58201 54393 50835 .47509 .44401 .41496 .38782 .36245 .33873 .31657 .29586 27651 .25842 .22571 .19715 .17220 15040 .13137 https://college.cengage.com/geyser/porter_9781337276337/images/ch09/table_9-2.png 8% 92593 .85734 .79383 .73503 .68058 .63017 .58349 54027 50025 0.46319 .42888 .39711 .36770 .34046 .31524 29189 27027 .25025 23171 21455 .18394 15770 .13520 .11591 .09938 10% .90909 .82645 .75131 .68301 62092 .56447 51316 .46651 42410 .38554 35049 .31863 28966 .26333 23939 .21763 19784 .17986 .16351 .14864 12285 .10153 08391 06934 .05731 12% .89286 .79719 .71178 .63552 56743 .50663 45235 40388 .36061 32197 28748 25668 .22917 20462 .18270 16312 .14564 .13004 .11611 10367 08264 06588 05252 04187 03338 15% .86957 75614 .65752 57175 49718 43233 37594 32690 28426 24718 21494 .18691 16253 14133 .12289 .10686 09293 08081 07027 06110 04620 03493 02642 01997 01510 DISA 1/1
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