Problem 10-1A Computing bond price and recording issuance LO P1

Hartford Research issues bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds have a $26,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.)

Table B4 -

Record the issue of bonds with a par value of $26,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.Record the issue of bonds with a par value of $26,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.

Record the issue of bonds with a par value of $26,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.

January 31st