Question: PRINTER VERSION 4 BLACK NEXT Problem 10-9A (Part Level Submission) When market interest rates were 6%, three companies issued bonds on January 1, 2018. Each

PRINTER VERSION 4 BLACK NEXT Problem 10-9A (Part Level Submission) When market interest rates were 6%, three companies issued bonds on January 1, 2018. Each company has a December 31 year end and each company issued bonds with a face value of $116,000 that pay interest annually on December 31. Able Limited sold its bonds at 100 and offered a coupon interest rate of 6%, while Beta Corp. sold its bonds at 94 and offered a coupon Interest rate of 4%, and Charles Inc. sold its bonds at 105 and offered a 7 coupon interest rate. (a) Record the issue of the bonds by each company on January 1, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Able Limited Jan. 1 Debit Beta Corp Charles Inc. Jan. 1

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