Hartford Research issues bonds dated January 1, 2013, 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.

Required

For each of the following three separate situations, (a) determine the bonds? issue price on January 1, 2013, and (b) prepare the journal entry to record their issuance. 1.The market rate at the date of issuance is 8%. 2.The market rate at the date of issuance is 10%.

3.The market rate at the date of issuance is 12%.

u10a1 Template A BUS4060Unit 10 Assignment 1A Problem 10-1A (Use the tab key at the end of each table to add more lines.) Always show calculations! Required 1 Hartford Research Required 2 Hartford Research 1 u10a1 Template A Required 3 Hartford Research 2