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solve please! Problem 10-7AA (Algo) Computing bond price and recording issuance LO C2 Hartford Research issues bonds dated January 1 that pay interest semiannually on
solve please!
Problem 10-7AA (Algo) Computing bond price and recording issuance LO C2 Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31 . The bonds have a $36,000 par value and an annual contract rate of 12%, and they mature in 10 years. (Iable B.1. Table B.2, Iable B,3, and Iable B.4) Note: Use oppropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in colculotions. Required: Consider each separate situation. 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. (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. (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. (b) Prepare the journal entry to record their issuance. Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 10%. Note: Round all table values to 4 decimal places: Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 10%. Note: Round all table values to 4 decimal places. Journal entry worksheet Record the issue of bonds with a par value of $30,000 on January 1 . Assume that the market rate of interest at the date of issue is 10%. Note: Enter debits before credits. (a) Complete the below table to determine the bonds' issue price on January 1. (b) Prepare the journal entry to record their issuance. Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue pmoe on romuary 1 if the market rate at the date of issuance is 12%. Note: Round all table values to 4 decimal places. repare the journal entry to record their issuance, if the market rate at the date of issuance is 12%. Journal entry worksheet Record the issue of bonds with a par value of $36,000 on January 1. Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue price on January 1 if the market rate at the date of issuance is 14%. Note: Round all table values to 4 decimal places. Journal entry worksheet Record the issue of bonds with a par value of $36,000 on January 1. Assume that the market rate of interest at the date of issue is 14%. Note: Enter debits before credits Step by Step Solution
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