Sunland issued $320,000 of 5%, 5-year bonds on January 1, 2021. Interest is payable semi-annually. Calculate the price of the bond: (a) 4%, (b) 5%, and (c) 6%. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 5,275.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1

(a)	Market interest rate 4%		$enter a dollar amount rounded to 0 decimal places
(b)	Market interest rate 5%		$enter a dollar amount rounded to 0 decimal places
(c)	Market interest rate 6%		$enter a dollar amount rounded to 0 decimal places

Prepare the journal entry to record the issuance of the bond assuming the market rate of interest is: (a) 4%, (b) 5%, and (c) 6%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
(a)	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	(To record issuance of bonds.)
(b)	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	(To record issuance of bonds.)
(c)	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	enter an account title to record issuance of bonds	enter a debit amount	enter a credit amount
	(To record issuance of bonds.)