Problem #1 - Chapter 13 - Calculate Selling Price of a Bond - Discount or Premium Amount Maturity |Interest Paid Stated Rate Market Rate A $ 300,000 10 years | semi annual 8% 8% B $ 300,000 5 years semi annual 6% 8% C $ 300,000 2 years semi annual 86 6% REQUIRED - Calculate the Bond Issue Price and prepare the journal entry on January 1, 2010 (Date of Issuance) for each of the following independent circumstances: . Only journal entry for date of issuance .PUT JOURNAL ENTRY IN THE BOX - MAKE SURE DEBITS ARE LEFT AND CREDITS ARE RIGHT Example: Cash $10,000 Bond Payable $10,000 ANSWERS