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Thanks !! cation.com/ext/map/indecht Saved Su Help Save & Exit Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December
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cation.com/ext/map/indecht Saved Su Help Save & Exit Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $32,000 par value and an annual contract rate of 12%, and they mature in 10 years. Table 81 Table B 2. Table 8.3. and Table 8-4) (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 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% (6) Complete the below table to determine the bonds issue price on January 1 (6) 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, (6) Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below. Required 10 Required 2A Required 20 Required 1A Required SA Required 38 Required 1A Required 18 Required 2A Required 2B Required JA Required 38 5227 Complete the below table to determine the bonds'issue price on January 1 if the market rate at the date of issuance is 10%. Table values are based on Table Value Amount Present Value Cash Flow Par maturity) vue Interest (annuity Price of bands Required 1B > Journal entry worksheet 1 Record the issue of bonds with a par value of $32,000 on January 1. Assume that the market rate of interest at the date of issue is 10%. Note: Enter debits before credits General Journal Debit Credit Date January 01 Prepare the journal entry to record their issuance. Complete this question by entering your answers in the tabs below. 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 if the market rate at the date of issuance is 12% Table values are based on: n Table Value Amount Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Dured AB Required 2B> Journal entry worksheet 1 Record the issue of bonds with a par value of $32,000 on January 1. Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Required 1A Required 18 Required ZA Required 28 Required 3A Required 38 Complete the below table to determine the bonds' issue price on January 1 If the market rate at the date of issuance is 14%. Table values are based on: 49 Table Value Amount Present Value Cash Flow Par (maturity) value Interest (annuity Price of bonds Journal entry worksheet 1 Record the issue of bonds with a par value of $32,000 on January 1. Assume that the market rate of interest at the date of issue is 14%. Note: Enter debits before credits. Debit Credit General Journal Date January 01 View general Journal Record entry Clear entry Step by Step Solution
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