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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 $27.000 par value and
Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $27.000 par value and an annual contract rate of 12%, and they mature in 10 years. Table 3.1. Table B2. Table 8.3. and Table B4 (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 10% (a) Complete the below table to determine the bonds' issue price on January 1 (1) Prepare the journal entry to record their issuance. 2. 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. 3. The market rate at the date of issuance is 14%. (a) Complete the below table to determine the bonds' issue price on January 1 b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 3A Required 28 Required 38 Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 10%. Table values are based on: 20 = 5.0% Table Value Cash Flow Amount Present Value $ 20,189 Par maturity valu 12.4622 $ 27,000 Wwwwwwwwwwwwwwwwwwwww $27,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B.1. Table B.2. Table B.3. and Table B.4) 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 10%. (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 12% (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 14% (a) Complete the below table to determine the bonds'issue price on January 1. (b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 10%. No General Journal Debit Credit Date January 01 1 30,365 Cash Bonds payable Premium on bonds payable 27,000 3,365 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not Required: Consider each separate situation. 1. 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. 2. The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on January 1. (6) Prepare the journal entry to record their issuance. 3. The market rate at the date of issuance is 14%. (a) Complete the below table to determine the bonds' issue price on January 1. (b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 3B Complete the below table to determine the bonds' issue price on January 1 If the market rate at the date of issuance is 12% Table values are based on: n = 20 6.0% Table Cash Flow Value Par (maturity) 11.4699 value Interest (annuity) 0.3118 Price of bonds Amount Present Value $ 18,581 $ 27,000 $ 27,000 8,419 $ 27.000 Required 1B Required 2B > $27,000 par value and an annual contract rate of 12%, ana tney mature in U years. Ladie B.1. ladie B.2, ladie B3, and la appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table calculations.) Required: Consider each separate situation. 1. 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. 2. 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. 3. The market rate at the date of issuance is 14% (a) Complete the below table to determine the bonds'issue price on January 1. (b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 3A Required 35 Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. No Date General Journal Credit Debit 30,365 1 January 01 Cash Bonds payable 27,000 es, appropriate actor(s) from the tables provided. Round all table values to calculations.) Required: Consider each separate situation, 1. 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. 2. 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. 3. The market rate at the date of issuance is 14%. (a) Complete the below table to determine the bonds issue price on January 1. (b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. 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 if the market rate at the date of issuance is 14 Table values are based on: no 20 1 = 7.0% Table Cash Flow Value Par (maturity) 10.5940 value Interest (annuity) 0.2584 Price of bonds Amount Present Value $ 17,162 S 27,000 $ 27,000 6,977 $ 24,139 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat > 41,000 par value and an annual contract rate of 12%, and they mature in 10 years. Lapie 1, Table B.. lapie, ana iapie 3.4 appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values calculations.) Required: Consider each separate situation. 1. 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. 2. 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. 3. The market rate at the date of issuance is 14% (a) Complete the below table to determine the bonds issue price on January 1, (b) Prepare the journal entry to record their issuance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 2B Required 3A tequired 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 14%. No Date General Journal Credit 1 January 01 Cash Discount on bonds payable Bonds payable : Debit 24,139 2,861 27,000
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