Current Attempt in Progress The following amortization and interest schedule reects the issuance of 10year bonds by Pharoah Corporation on January 1, 2019, and the subsequent interest payments and charges. The company's yearend is December 31, and nancial statements are prepared once yearly. \fClick here to View factor tables. 3. Indicate whetherthe bonds were issued at a premium or a discount. b. Indicate whether the amortization schedule is based on the straightline method orthe effectiveinterest method. c. Determine the stated interest rate and the effectiveinterest rate. The stated rate % The effective rate % d. On the basis of the schedule above, prepare the journal entry to record the issuance of the bonds on January 1, 2019. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit January 1, 2019e. On the basis of the schedule above. prepare the journal entry or entries to record the bond transactions and accruals for 20 19. [I nte rest is paid January 1.} [if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent mnually List all debit entries before credit entries.) Date Account Ties and Explanation Debit Credit December 31, 2019 f. On the basis of the schedule above, prepare the journal entry or entries to record the bond transactions and accruals for 2026. Pharoah Corporation does not use reversing entries. (Record entries in the order displayed in the problem statement. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit vTABLE 6.1 Future Value of 1 (Future Value of a Single Sum) FVFW- = (1 + i)\" (H) Periods 2% 2'/2% 3% 4% 5% 6% 1 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 2 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 3 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 4 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 5 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 6 1.12616 1.15969 1.19405 1.26532 1.34010 1.41852 7 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 8 1.17166 1.21840 1.26677 1.36857 1.47746 1.59385 9 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 10 1.21899 1.28008 1.34392 1.48024 1.62889 1.79085 11 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 12 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 13 1.29361 1.37851 1.46853 1.66507 1.88565 2.13293 14 1.31948 1.41297 1.51259 1.73168 1.97993 2.26090 15 1.34587 1.44830 1.55797 1.80094 2.07893 2.39656 16 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 17 1.40024 1.52162 1.65285 1.94790 2.29202 2.69277 18 1.42825 1.55966 1.70243 2.02582 2.40662 2.85434 19 1.45681 1.59865 1.75351 2.10685 2.52695 3.02560 20 1.48595 1.63862 1.80611 2.19112 2.65330 3.20714 21 1.51567 1.67958 1.86029 2.27877 2.78596 3.39956 22 1.54598 1.72157 1.91610 2.36992 2.92526 3.60354 23 1.57690 1.76461 1.97359 2.46472 3.07152 3.81975 24 1.60844 1.80873 2.03279 2.56330 3.22510 4.04893 25 1.64061 1.85394 2.09378 2.66584 3.38635 4.29187 26 1.67342 1.90029 2.15659 2.77247 3.55567 4.54938 27 1.70689 1.94780 2.22129 2.88337 3.73346 4.82235 28 1.74102 1.99650 2.28793 2.99870 3.92013 5.11169 29 1.77584 2.04641 2.35657 3.11865 4.11614 5.41839 30 1.81136 2.09757 2.42726 3.24340 4.32194 5.74349 31 1.84759 2.15001 2.50008 3.37313 4.53804 6.08810 32 1.88454 2.20376 2.57508 3.50806 4.76494 6.45339 33 1.92223 2.25885 2.65234 3.64838 5.00319 6.84059 34 1.96068 2.31532 2.73191 3.79432 5.25335 7.25103 35 1.99989 2.37321 2.81386 3.94609 5.51602 7.68609 36 2.03989 2.43254 2.89828 4.10393 5.79182 8.14725 37 2.08069 2.49335 2.98523 4.26809 6.08141 8.63609 38 2.12230 2.55568 3.07478 4.43881 6.38548 9.15425 39 2.16474 2.61957 3.16703 4.61637 6.70475 9.70351 40 2.20804 2.68506 3.26204 4.80102 7.03999 10.28572 \fTABLE 6.2 Present Value of 1 (Present Value of a Single Sum) PVFni = 7 ( 1 + i)n 1 = (1+ i ) -n (n) Periods 2% 21/2% 3% 4% 5% 6% 98039 97561 97087 96154 95238 94340 96117 95181 94260 92456 90703 89000 94232 .92860 91514 88900 86384 83962 OIAWN 92385 .90595 88849 .85480 82270 .79209 .90573 88385 86261 82193 .78353 .74726 88797 .86230 83748 79031 .74622 70496 87056 .84127 81309 75992 71068 66506 .85349 .82075 78941 73069 67684 62741 83676 80073 .76642 70259 64461 59190 10 82035 .78120 .74409 67556 61391 55839 11 .80426 .76214 .72242 .64958 58468 .52679 12 78849 .74356 70138 62460 55684 .49697 13 77303 72542 68095 60057 53032 46884 14 75788 .70773 66112 57748 50507 44230 15 .74301 69047 64186 .55526 48102 .41727 16 72845 67362 62317 53391 45811 39365 17 .71416 65720 60502 51337 43630 37136 18 70016 64117 58739 49363 41552 .35034 19 68643 62553 57029 47464 39573 33051 20 67297 61027 .55368 45639 37689 31 180 21 65978 59539 53755 43883 35894 29416 22 64684 .58086 52189 42196 34185 27751 23 63416 56670 50669 40573 32557 26180 24 62172 55288 49193 39012 31007 24698 25 60953 .53939 47761 37512 29530 .23300 26 59758 52623 46369 36069 28124 21981 27 58586 51340 45019 34682 26785 20737 28 57437 50088 43708 33348 25509 19563 29 56311 48866 42435 .32065 24295 18456 30 55207 47674 41199 30832 23138 17411 31 54125 46511 39999 29646 22036 .16425 32 .53063 45377 38834 .28506 .20987 .15496 33 52023 .44270 37703 27409 19987 14619 34 51003 43191 36604 26355 19035 13791 35 .50003 42137 35538 25342 18129 13011 36 49022 41109 34503 24367 .17266 .12274 37 48061 40107 33498 23430 16444 11579 38 .47119 39128 32523 22529 . 15661 10924 39 46195 .38174 .31575 .21662 . 14915 10306 40 .45289 .37243 .30656 .20829 .14205 09722\f\f\f\f\fTABLE 6.5 Present Value of an Annuity Due of 1 1 ( 1 + i ) 7 - 1 PVF-ADn/ = 1+ (n) Periods 2% 21/2% 3% 4% 5% 5% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.98039 1.97561 1.97087 1.96154 1.95238 1.94340 OIAWN- 2.94156 2.92742 2.91347 2.88609 2.85941 2.83339 3.88388 3.85602 3.82861 3.77509 3.72325 3.67301 4.80773 4.76197 4.71710 4.62990 4.54595 4.46511 5.71346 5.64583 5.57971 5.45182 5.32948 5.21236 6.60143 6.50813 6.41719 6.24214 6.07569 5.91732 7.47199 7.34939 7.23028 7.00205 6.78637 6.58238 8.32548 8.17014 8.01969 7.73274 7.46321 7.20979 9.16224 8.97087 8.78611 8.43533 8.10782 7.80169 11 9.98259 9.75206 9.53020 9.11090 8.72173 8.36009 12 10.78685 10.51421 10.25262 9.76048 9.30641 8.88687 13 11.57534 11.25776 10.95400 10.38507 9.86325 9.38384 14 12.34837 11.98319 11.63496 10.98565 10.39357 9.85268 15 13. 10625 12.69091 12.29607 11.56312 10.89864 10.29498 16 13.84926 13.38138 12.93794 12.11839 11.37966 10.71225 17 14.57771 14.05500 13.561 10 12.65230 11.83777 11. 10590 18 15.29187 14.71220 14. 16612 13.16567 12.27407 11.47726 19 15.99203 15.35336 14.75351 13.65930 12.68959 11.82760 20 16.67846 15.97889 15.32380 14.13394 13.08532 12. 15812 21 17.35143 16.58916 15.87747 14.59033 13.46221 12.46992 22 18.01 121 17.18455 16.41502 15.02916 13.82115 12.76408 23 18.65805 17.76541 16.93692 15.45112 14.16300 13.04158 24 19.29220 18.33211 17.44361 15.85684 14.48857 13.30338 25 19.91393 18.88499 17.93554 16.24696 14.79864 13.55036 26 20.52346 19.42438 18.41315 16.62208 15.09394 13.78336 27 21.12104 19.95061 18.87684 16.98277 15.37519 14.00317 28 21.70690 20.46401 19.32703 17.32959 15.64303 14.21053 29 22.28127 20.96489 19.76411 17.66306 15.89813 14.40616 30 22.84438 21.45355 20. 18845 17.98371 16.14107 14.59072 31 23.39646 21.93029 20.60044 18.29203 16.37245 14.76483 32 23.93770 22.39541 21.00043 18.58849 16.59281 14.92909 33 24.46833 22.84918 21.38877 18.87355 16.80268 15.08404 34 24.98856 23.29188 21.76579 19.14765 17.00255 15.23023 35 25.49859 23.72379 22. 13184 19.41120 17.19290 15.36814 36 25.99862 24.14516 22.48722 19.66461 17.37419 15.49825 37 26.48884 24.55625 22.83225 19.90828 17.54685 15.62099 38 26.96945 24.95732 23. 16724 20.14258 17.71129 15.73678 39 27.44064 25.34860 23.49246 20.36786 17.86789 15.84602 40 27.90259 25.73034 23.80822 20.58448 18.01704 15.94907\f