1. HARRIS INC issued $120,000 worth of bonds on 2/28/2016. Harriss year end is 8/30/2016. The bonds paid 9% interest when the market rate was 7%. Required: Journalize the issuance of the bonds 2. Complete the following table: Put an x in the appropriate box Stated rate 6%, 7%, 5%, 10%, 8% Market rate 7%, 5%, 5%, 15%, 6% Issued at discount _ _ _ _ _ Issued at premium _ _ _ _ _ Issued at face _ _ _ _ _ 3. Johnson Inc. Issued $240,000 worth of bonds on 1/31/2015. Jojnsons year end is 7/31/2015. The bonds paid 6% interest when the market rate was 8%. Required: Journalize the issuance of the bonds 4. Shorthand INC issued $1,840,000 worth of bonds on 4/30/2015. Shorthands year end is 10/31/2015. The bonds paid 6% interest when the market rate was 6%. Required: Journalize the issuance of the bonds 5. Bond payable information 150K 8% 10 years ; market rate is 5%. 350K 6% 5 years; market rate is 9% 420K 10% 10 years, market rate is 10% Answer Present value factor for bond principal and Present value factor for of the payments of each situation.