... $20,000,000 x 6139* = $12,2 78, 000 $700,000‡ x 7.7217* = 5,405,190 $17, 683 ,190 ($700,000 = ($20,000,000 x 7%) / 2) *PV factors are for 10 periods at 5% ‡ The company will receive $17, 683 ,190 upon issuance ... Chapter Valuing and Accounting for Bonds and Leases 06/04/16 NGUYEN TAN BINH - PH Learning Objectives After studying this chapter, you should be able to: • Compute ... recorded in a separate account on the books Cash Discount on bonds payable Bonds payable 17, 683 ,190 2,316 ,81 0 20,000,000 References: Horngren, Introduction to financial accounting 06/04/16 NGUYEN...