Question
Accouting Jounalizing Help Needed! Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have
Accouting Jounalizing Help Needed!
Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $35,000 par value and an annual contract rate of 10%, and they mature in 10 years.Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.)
-Record the issue of bonds with a par value of $35,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 8%.
The market rate at the date of issuance is 10%.
Complete the below table to determine the bonds' issue price on January 1, 2015
-Record the issue of bonds with a par value of $35,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 10%.
The market rate at the date of issuance is 12%.
-Record the issue of bonds with a par value of $35,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 12%.
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