$38,000$ par value and an annual contract rate of $10\%,$ and they mature in $10$ years. $($Table B$\mathrm{.}1,$ Tab Note: Use appropriate factor$($s$)$ from the tables provided. Round all table values to $4$ decimal $p$ alues in calculations.

Required:

Fonsider each separate situation.

The market rate at the date of issuance is $8\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.

The market rate at the date of issuance is $10\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.

The market rate at the date of issuance is $12\%.$

$($a$)$ Complete the below table to determine the bonds' issue price on January $1.$

$($b$)$ Prepare the journal entry to record their issuance.