Saved Problem 10-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table B.1. Toble 8.2. Toble B.3. and Table 3.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your "Present Value' answers to the nearest whole dollar) Required: Consider each of the following three separate situations, 1. 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 (6) 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% (0) Complete the below table to determine the bonds issue price on January 1, 2017 (5) Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below. Required LA Required 15 Required 2A Required 28 Required 3A Required 36 Complete the below table to determine the bonds Issue price on January 1, 2017, if the market rate at the date of issuance is 8 Table values are based on Table Value Amount Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Red 1 Required 18 > Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Prepare the journal entry to record their issuance, If the market rate at the date of issuance is 8%. Viuw transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $40,000 on January 1, 2017. Assume that the market rate of interest at the date of issue is 8%. Note Enter debits before credits General Journal Date Jan 01, 2017 Debi Credit Record entry Clear entry View general Journal Problem 10-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Toble B1. Table 8.2. Table 8.3, and Table 8.9) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations, Round your "Present Value' answers to the nearest whole dollar) Required: Consider each of the following three separate situations. 1. 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 (6) 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 (6) 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. es Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required ZA Required 28 Required 3A Required 36 Complete the below table to determine the bands' sue price on January 1, 2017, ie the market rate at the date of issuance is 10% Table values are baned on Amount een Value Value Cash Flow Par manity) terest(a Profon Required 10 H202 Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 10%. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1, 2017. Assume that the market rate of interest at the date of issue is 10%. Noter Enter debits before credits General Journal Date Jan 01, 2017 Debit Credit Record entry Clear entry View general Journal Problem 10-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table B.1. Table 8.2. Table 3.3. and Table 8.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your "Present Value' answers to the nearest whole dollar) Required: Consider each of the following three separate situations. 1. 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. (6) Prepare the Journal entry to record their issuance. Complete this question by entering your answers in the tabs below. Required 1A Required 15 Required 2A Required 25 Required 35 Required 3A Complete the below table to determine the bonds issue price on January 2, 2017, the market rate at the date of issuance is 12% Table values are honed on ve Table Amount Present Value Valo Cash Flow Par maturity) interest any Price of bonds View transaction list Journal entry worksheet