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7 Problem 10-1AA Computing bond price and recording issuance LO C2, P1 1.5 points Hartford Research issues bonds dated January 1, 2017, that pay interest

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7 Problem 10-1AA Computing bond price and recording issuance LO C2, P1 1.5 points Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 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.) Required: Consider each of the following three separate situations. eBook I. 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 2. The market rate at the date of issuance is 12%. Print (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 14%. References (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 Required Required Required Required Required 1A 1B 2A 2B 34 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 10% Table values are based on: n a Table Amount Value Value Present Cash Flow Par (maturity) value Interest annu Price of bonds Required 1A Required 1B>

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