Problem $5$ Determine Sales Price

Prepare journal entries for the sale of the following bond issues. Theoretical sale price.

A $,9\%$ bonds of $$200,000$ sold Jan. $1$; $5-$year life; interest payable on Jan. $1$ and July $1$;

Market rate was $8\%$

B $6\%$ bonds of $$200,000$ sold Jan. $1$;$10-$year life; interest payable on Jan. $1$ and July $1$ ;

Market rate was $8\%$