# accounting problem help

May 4th, 2015
Anonymous
Category:
Accounting
Price: \$5 USD

Question description

 Hartford Research issues bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds have a \$25,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table B.1, Table B.2, Table B.3, and Table B.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.)

 1 The market rate at the date of issuance is 8%.
 (a) Complete the below table to determine the bonds' issue price on January 1, 2013.

 b) Prepare the journal entry to record their issuance.
b)
 2 The market rate at the date of issuance is 10%.
(a)

Complete the below table to determine the bonds' issue price on January 1, 2013.

b)

Prepare the journal entry to record their issuance.

 3 The market rate at the date of issuance is 12%.
(a)

Complete the below table to determine the bonds' issue price on January 1, 2013.

 (b) Prepare the journal entry to record their issuance.

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