Kindly answer the following. Thank you so much!!!
Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $37,000 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) (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. 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, 2017 (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, 2017 (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, 2017 (b) Prepare the journal entry to record their issuance. Complete th is question by entering your answers in the tahs helow Complete the below table to determ ine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 10%. Table values are based on: =u Present Value Cash Flow Table Value Amount Par (maturity) value Interest (annuity) Price of bonds Roauired 1B 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 Required 2B Rcqamed ZA 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 12%. Table values are based on: n = i = Present Cash Flow Table Value Amount Value Par (maturity) value Interest (annuity) Price of bonds Required 1B > Required 2B red 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $37,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits. Credit General Journal Debit Date Jan 01, 2017 View general journal Clear entry Record entry 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 14%. Table values are based on: u Table Present Value Cash Flow Amount Value Par (maturity) value Interest (annuity) Price of bonds > Required 2B Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 14%. View transaction list Journal entry worksheet
