Question: Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $33,000 par value
Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $33,000 par value and an annual contract rate of 10%, and they mature in 10 years.CableBL TableR2. TableB3, and Table B4 (Use appropriate factor(s) from the tables provided. Round all table values to 4 declmal places, and use the rounded table values in Consider each of the following three separate situations I. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance 2. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance 3. The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below Required IA Required 1B Required 2A Required 28 Required 3A Required 3B Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 896. Table values are based on Present Amount Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Table Value Required 18 Journal entry worksheet Record the issue of bonds with a par value of $33,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 8%. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal Required 1A Required 1B Required A Required 2B Required 3A Required 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the marke 10%. Table values are based on: n a Present Value Table Value Amount Cash Flow Par (maturity) value Interest (annuity) Price of bonds Journal entry worksheet Record the issue of bonds with a par value of $33,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 10%. Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal apters 14,16 &17 Save 3. The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on (b) Prepare the journal entry to record their issuance. Complete this question by entering your answers In the tabs b Required IA Required 1B Required 2A Required 28 Required BA Complete the below table to determine the bonds' issue price on Janua 12%. Table values are based on: n= Table Value Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Amount Journal entry worksheet Record the issue of bonds with a par value of $33,000 on January 1, 2017. Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017
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