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Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds havea $39,000 par value and
Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds havea $39,000 par value and an annual contract rate of 8%, and they mature in 10 years. (Table B1, 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 I. The market rate at the date of issuance is 6% (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 8% (a) Complete the below table to determine the bonds' issue price on January 1, 201 (b) Prepare the journal entry to record their issuance 3. 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 Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Required 3A Required 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 5%). Table values are based on: 6.0% Present Value ash Floww Par (maturity) value Interest (annuity) Price of bonds Table Value Amount S 44,802 IA Required 1B > Required Conslder each of the following three separate situations. 1. The market rate at the date of issuance is 6%. (a) Complete the below table to determine the bonds issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr issuance 2. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' Issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr Issuance 3. 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 thelr Issuance. Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 6% View transaction list Journal entry worksheet Record the issue of bonds with a par value of $39,000 cash on January 1 2017, Assume that the market rate of interest at the date of issue is 6% Note: Enter debits before credits General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general jounmal Required 1A Required 2A > Hartford Research Issues bonds dated January 1, 2017, that pay Interest semlannually on June 30 and December 31. The bonds have a $39,000 par value and an annual contract rate of 8%, and they mature in 10 years. Table B1, Table B.2, Table B.3, and Table B.4) (Use approprlate factor(s) from the tables provided. Round all table velues to 4 decimel places, and use the rounded table values In calculetlons.) Required Conslder each of the following three separate situations. 1. The market rate at the date of issuance is 6%. (a) Complete the below table to determine the bonds issue price on January 1, 2017. (b) Prepare the Journal entry to record thelr issuance 2. The market rate at the date of issuance is 8%. (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 10%. (a) Complete the below table to determine the bonds issue price on January 1, 2017 (b) Prepare the journal entry to record thelr Issuance Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Required 3A Required 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 8% Table values are based on: resent Value ash Flow Par (maturity) value Interest (annuity) Price of bonds Table Value Amount Required 1B Required 2B > Requirec Conslder each of the following three separate situations. 1. The market rate at the date of issuance is 6%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr Issuance. 2. The market rate at the date of issuance is 8%. (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 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. Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2BRequired 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 8% View transaction list Journal entry worksheet Record the issue of bonds with a par value of $39,000 cash on January 1 2017, Assume that the market rate of interest at the date of issue is 8% Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal Required Conslder each of the following three separate situations. 1. The market rate at the date of issuance is 6%. (a) Complete the below table to determine the bonds issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr Issuance. 2. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' Issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr issuance. 3. 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. Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Required 3A Required 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 1096 Table values are based on: Table Value Present Value ash Flow Par (maturity) value Interest (annuity) Price of bonds Amount Required 2B Required 3B> Requirec Conslder each of the following three separate situations. 1. The market rate at the date of issuance is 6%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr issuance. 2. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds issue price on January 1, 2017 (b) Prepare the Journal entry to record thelr issuance 3. 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 thelr Issuance. Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2A Required 2B Required 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 10% View transaction list Journal entry worksheet Record the issue of bonds with a par value of $39,000 on January 1, 2017 Assume that the market rate of interest at the date of issue is 10% Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general jourmal
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