Problem 14-1AA 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 $37000 par value and an annual contract rate of 12%, and they m ature in 10 years. ClableBI. TableB2. TableB3, and TableBA (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. I. 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. Required 1A Required 1B Required 2A Required 2B Required 3A 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 10%. Table values are based on Cash Flow Tablo Value Amounei Present Value Par (maturity) value Interest (annuity) Price of bonds Required 18 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 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 10%. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal 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% ble values are based on: n a Present Value ash Flow Par (maturity) value Interest (annuity) Price of bonds Table Value Amount 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 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. Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal 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: n2 Table Present Value Amount Cash Flow Par (maturity) value Interest (annuity) Price of bonds 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 Record the issue of bonds with a par value of $37,000 on January 1, 2017. Assume that the market rate of interest at the date of issue is 14%. Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2017 Record entry Clear entry View general journal