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Use the present value tables to calculate the issue price and make the journal entry of a $100,000 bond issue in each of the following

Use the present value tables to calculate the issue price and make the journal entry of a $100,000 bond issue in each of the following independent cases. Assume that the bond was issued on January 1, 2010 and that interest is paid semi-annually on June 30 and December 31.

  1. A10-year, 12 percent bond issue; the market interest rate is 8 percent
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Tants 2 Present Value of $1 \$1

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