Question: Exercise 9-66 (Algorithmic) Issuing at Par, a Premium, or a Discount Kartel is planning to issue 410 bonds, each having a face amount of $1,000.

 Exercise 9-66 (Algorithmic) Issuing at Par, a Premium, or a Discount
Kartel is planning to issue 410 bonds, each having a face amount

Exercise 9-66 (Algorithmic) Issuing at Par, a Premium, or a Discount Kartel is planning to issue 410 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. Record issuance of bonds at par 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. Record issuance of bonds at premium 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. 4. Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest (yield) highest? The bonds sell at

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