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Queen Energy Inc. Issued bonds on January 1, 2023, that pay interest semlannually on June 30 and December 31. The Dar value of the bonds

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Queen Energy Inc. Issued bonds on January 1, 2023, that pay interest semlannually on June 30 and December 31. The Dar value of the bonds is $230,000, the annual contract rate is 12%, and the bonds mature in 10 years. (Use and oppropriate factor(s) from the tables provided.) Required: a. For each of these three situations. determine the issue price of the bonds. (Do not round intermediote calculations. Round the final answers to the nenrest whole dollar.) b. For each of these three situations, prepare the joumal entry that would record the issuance, assuming the market interest rate at the date of issuance was (1) 8%, (2) 12\%, (3) 14\%, (Use PV tables in determining the issue price of the bonds. Do not round intermediate calculations. Round the finol onswers to the nearest whole dollar.) Journal entry worksheet Record the sale of bonds on original issue date at 8% market interest rate. Note: Fater debits before credits. b. For each of these three situations, prepare the joumal entry that would record the issuance, assuming the market interest rate at the date of issuance was (1) 8%. (2) 12\%, (3) 14\%. (Use PV tables in determining the issue price of the bonds. Do not round intermediate colculations. Round the final answers to the nearest whole dollar.) Journal entry worksheet 3 Record issuance of bond payable at 12\% macket interest rate. Note: CrMer dehts before credits b. For each of these three situations, prepare the journal entry that would record the issuance, assuming the market interest rate at th date of issuance was (1) 8%. (2) 12\%, (3) 14\%. (Use PV tables in determining the issue price of the bonds. Do not round intermediate calculations. Round the final answers to the neorest whole dollar.) Journal entry worksheet Note: Enter debits before credis

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