Problem 10-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B1, Table 8.2. Table 8.3, and Table 8.4) (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 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 10%. Problem 10-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 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 8.4 (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%. (0) 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 28 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 10%. Table values are based on: Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Table Value 0.3769 Amount $ 22,000 3 8,292 Required 1B > Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 par value and an annual contract rate of 12%, and they mature in 10 years. Table B1, Table B 2, Table 8.3, 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 this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Prepare the journale to record their issuance, If the market rate at the date of Issuance is 10%. View transaction lit Journal entry worksheet Record the issue of bonds with a par value of $22,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 10% Note: Enter debits before credits General Journal Debit Credit Date Jan 01, 2017 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22.000 par value and an annual contract rate of 12%, and they mature in 10 years (Table Bi, Table B 2. 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 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 this ques Required 2A pur answers in the tabs below. Required 1A Required 16 Required 2A Required 28 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 124 Table values are based on: Cash Flow Table Value Amount Present Value Par maturity) value interest(a Pilce of bonds Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22.000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B.1. Table B2 Table B3, 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 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% (0) 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 this question by entering your answers in the tabs below. Required 1A Required 16 Required 2A Required 20 Required 3A Required 38 Prepare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. View transaction fiat Journal entry worksheet Record the issue of bonds with a par value of $22,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 12%. Notes Enter des before credits Credit Date General Journal Debit Jan 01, 2017 PS Hartford Research issues bonds dated January 1, 2017 that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B1, Table B 2. Table B. 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 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% (o) 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 this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 25 Required A Required 38 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: Cash Flow Table Value Amount sent Value Par maturity) value Interest any ) |Price of bonds Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $22,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Table B.1, Table B 2. Table 8.3, and Table 8.4) (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 this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 Required 3A Required 3B Prepare the journal entry to record their issuance, if the market rate at the date of suance is 14%. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $22,000 on January 1, 2017 Assume that the market rate of interest at the date of issue is 14%. Note: Enter debits before credits General Journal Debit Credit Date Jan 01, 2017