Bond No. 1:

A $300,000 20year, 8% bond. Interest payable 2X per year. Market rate is 8%

Bond No. 2

A $200,000, 10 year, 10% bond, interest is payable annually. Market rate is 9%

Bond No. 3 ,

A $100,000 5 year, 8% bond, interest payable 3 X per year, Market rate is 12%

For each bond, you are to calculate what the bond should sell for.

Create the Effective interest table for each of these three bonds

You must show your calculations

Give me the journal entries for all three bonds for:

1) when the bond is sold.

2) when the 2nd interest payment is made.