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Use the present value tables to calculate the issue price in dollar and as a percentage and make the journal entry to record the issuance

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Use the present value tables to calculate the issue price in dollar and as a percentage and make the journal entry to record the issuance 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. A 15 year, 12 percent bond issue; the market interest rate is 10 percent A 15-year, 10 percent bond issue; the market interest rate is 12 percent Use the present value tables to calculate the issue price of a $500,000 bond issue in each of the following independent cases. Assume that the bond was issued on January 1, 2010 and that interest is paid quarterly on April 1, July, 1, September 1 and January A 5-year, 12 percent bond issue, the market interest rate is 8 percent A 5 year, 8 percent bond issue; the market interest rate is 12 percent Using the information from question #1A and 1B above, prepare the amortization schedules and make the entry to record the interest expense for the years 2010, 2011 & 2012

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