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Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31 . The bonds have a $40,000 par value

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Hartford Research issues bonds dated January 1 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. (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 separate situation. 1. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds' issue price on January 1. (b) Prepare the journal entry to record their issuance. 2. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1. (b) Prepare the journal entry to record their issuance. 3 . The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on January 1 . (b) Prepare the journal entry to record their issuance. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 8%. (Round all table values to 4 decimal places.) Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 8%. Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1 . Assume that the market rate of interest at the date of issue is 8%. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 10%. (Round all table values to 4 decimal places.) repare the journal entry to record their issuance, if the market rate at the date of issuance is 10%. Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1 . Assume that the market rate of interest at the date of issue is 10%. Note: Enter debits before credits. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 12%. (Round all table values to 4 decimal places.) repare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1. Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits

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