For problem 1D on the worksheet please do the following:

Find the selling price of the bond

Make the journal entry to record the sale of the bond on January 1, 2010.

Prepare the amortization table for 2010, 2011 and 2012

- Make the journal entries to record interest payments for the year 2011

On December 31, 2012 the bond was repurchased at $103,000. Make the journal entry to record the sale

BONDS (1. Use the present value tables to calculate the issue price and make the journal entry of a $100,000 bond issue in each of the following independent cases. Assume that the bond was issued on January 1, 2010 and that interest is paid semi-annually on June 30 and December 31. A) A 10-year, 8 percent bond issue; the market interest rate is 10 percent B) A 10-year, 8 percent bond issue; the market interest rate is 6 percent C) A 10-year, 10 percent bond issue; the market interest rate is 8 percent D) A 20-year, 10 percent bond issue; the market interest rate is 12 percent E) A 20-year, 10 percent bond issue; the market interest rate is 6 percent F) A 15-year, 12 percent bond issue; the market interest rate is 10 percent G) A 15-year, 10 percent bond issue; the market interest rate is 12 percent