Accounting bonds: Prepare a bond table by using (THE PRESENT VALUE AND PRESENT VALUE OF ANNUITY) table. NOT EXCEL.

TABLE 3 Present Value of 1 15% 5% 10% 11% 12% 96154 95238 94340 93458 92593 91743 9090990090 89286 92456 90703 .89000 .87344 85734 84168 82645 81162 .79719 88900 86384 86957 75614 83962 81630 79383 77218 .75132 73119 71178 65752 85480 82270 79209 76290 73503 70843 68301 65873 63552 57175 78353 74726 71299 68058 64993 62092 59345 56743 49718 70496 66634 63017 59627 56447 53464 50663 43233 71068 66506 62275 58349 54703 51316 48166 45235 37594 73069 67684 62741 58201 54027 50187 46651 43393 40388 32690 70259 .64461 .59190 .54393-50025 .46043 .42410 .39092 .36061 .28426 67556 61391 55839 50835 46319 42241 38554 35218 32197 24719 64958 58468 .52679 47509 42888 38753 35049 31728 28748 21494 82193 79031 10 18691 12 62460 55684 49697 44401 39711 35554 31863 28584 25668 60057 53032 46884 41496 36770 32618 28966 25751 22917 .16253 57748 50507 44230 38782 34046 29925 26333 23199 20462 14133 55526 48102 41727 36245 31524 27454 23939 20900 18270 12289 53391 45811 39365 33873 29189 25187 21763 18829 16312 10687 51337 43630 37136 31657 27027 23107 19785 16963 14564 09293 15 16 49363 41552 35034 29586 25025 21199 17986 15282 13004 08081 18 19 47464 39573 33051 27615 23171 19449 16351 13768 11611 07027 14864 12403 .10367 06110 TABLE 4 Present Value of an Annuity of 1 10% 11% 12% 15% 93458 92593 91743 90909 90090 89286 .86957 96154 .95238 94340 1.88609 1.85941 1.83339 1.80802 1.78326 1.75911 2.77509 2.72325 2.67301 2.62432 2.57710 1.69005 1.62571 2.53130 2.48685 2.44371 2.40183 2.28323 4.45182 4.32 5.24214 3.62990 3.54595 3.46511 338721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 445182 4.32948 4.21236 4.10020 3.99271 388965 3.79079 3.69590 3.60478 3.35216 5.07569 4.91732 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.78637 5.58238 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 4.96764 4.48732 6.73274 6.46321 6.20979 5.97130 5.74664 5.53482 5.33493 5.14612 0782 6.80169 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 2173 7.36009 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 8.30641 7.88687 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 9.38507 8.86325 8.38384 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 39357 8.85268 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 9.29498 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 13 10.56312 9.89864 11.11839 10.37966 9.71225 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 15 16 17 18 19 20 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 8.54363 8.02155 7.54879 7.11963 6.04716 6.12797 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 13.13394 12.08532 11.15812 10.33560 9.60360 8.95012 8.36492 783929 7.36578 6.19823 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 Bond#1: Given: January 1, 2017; the bond matures on December 31, 2021. Cash interest is paid to investors on June 30 and December 31, The market yield for bonds of similar risk and maturity was 10%. The Max Corporation issued a 5-year $400,000 bond at a contract rate of 12% on REQUIRED: A. Is this a Premium or Discount Bond? B. Determine the sales price of the bond using Present Value Tables. C. Determine the total amount of interest expense for this bond at maturity using the Interest expense calculating formula. D. Prepare the Bond Amortization Table for this bond. E. Prepare the Journal Entries for the date of issue, first interest payment, and at maturity. nal Bond#2: Given: January 1, 2017; the bond matures on December 31, 2019. Cash payments are made to investors on June 30 and December 31, The market yield for bonds of similar risk and maturity was 12%. The Mason Corporation issued a 3-year $500,000 bond at a coupon rate of 9% on REQUIRED: Prepare the answers to the same Requirements as for Bond#1