Che Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30...
50.1K
Verified Solution
Question
Accounting
Che Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table B1 Table 3.2. Table 8.3. 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.) Required: Consider each separate situation 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 Prepare the journal entry to record the issuance 2. The market rate at the date of issuance is 10% Complete the below table to determine the bonds' Issue price on January 16 Prepare the journal entry to record their issuance 3. The market rate at the date of issuance is 12% Complete the below table to determine the bonds Issue price on January 1 Prepare the journal entry to record their Issuance Complete this question by entering your answers in the tabs below. Required require 1 Heures A Mequired 28 equired A Hequired Compite below table to determine the band our price on January 1f the market rate at the date of issuance of oral value to decimal places) Carth TV Around Presa BH Next > MacBook Air SO S&T ** A $ 4 3 % 5 & 7 . 6 8 W E R T Y U 0 S D F G I J L C V B N M V. Check Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31 The bonds have a 540,000 par value and an annual contract rate of 10%, and they mature in 10 years. (Table B.1. Table 8.2. Table 8.3. and Table 8. (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 8% le Complete the below table to determine the bonds Issue price on January 1 1) Prepare the journal entry to record their issuance. 2. The market rate at the date of issuance is 10% (Complete the below table to determine the bonds issue price on Januaryt by Prepare the journal entry to record the issuance. 3. The market rate at the date of issuance is 12% (Complete the below table to determine the bonds issue price on Januaryt. Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below. Bred SA Required. Required 2428 Required 3A Roured 33 Prepare the Jumal entry to record the issuance, the market rate at the date of issuance is View View journal entry worksheet Bener Jou January Creat Daba 45.000 40.000 Med A MacBook Air . $8 w % 5 & 7 3 6 8 9 0 - W E R T Y O S D F G oll H J > V | N M * 96 Che Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. Table 3.1. Table 8.2. Table 8.3. and Table 3.4 (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 8% (Complete the below table to determine the bonds' Issue price on January Prepare the journal entry to record their issuance 2. The market rate at the date of issuance is 10% Complete the below table to determine the bonds'issue price on January 1 Prepare the journal entry to record their issuance. 3. The market rate at the date of issuance is 12%. () Complete the below table to determine the bonds Issue price on January 1 Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below RAR A Required 21 Required 34 Hered 38 Complete the below table to determine the bonds issue price on January 1 it the market rate the date of humance is 107 ond balans to decimal) Amour Party MacBook Air ** 11 0 % 5 & 7 6 8 9 W E R T Y C S D F H J L . : C V B Z M * your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Prepare the journal entry to record the issuance, if the market rate at the date of issuance is 10% View transactions Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1. Assume that the market rate of interest at the date of wel 10% Date January 01 Credit Clearly View General journal Required) MacBook Air 80 . ** + 3 # 3 $ 4 % 5 6 & 7 2 E R T Y C S D F I > C V B N M V. tootmine the bonds Issue price on January 1 Prepare the journal entry to record their Issuance. - The market rate at the date of issuance Is 12% Complete the below table to determine the bonds' Issue price on January 1 Prepare the journal entry to record their Issuance. Complete this question by entering your answers in the tabs below. Required LA Required 18 Required 2A Required 21 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 124. (Roundtable values to 4 decimal places) Table Vaha wre based on IN Cash Flow Party value Value Amount Present VE Price of bonde MacBook Air 888 % 5 3 3 4 & 7 6 8 9 O W E R T Y U o s D I J C V B N > M Required 1A Required 18 Required 2A Required 28 Required 3A Required 38 Prepare the journal entry to record their issuance, the market rate at the date of issuance is 12% View transaction list Journal entry worksheet Record the issue of bonds with a par value of $40,000 on January 1. Assume that the market rate of interest at the date of issue is 12 debas dari Dibir Cnidit Jay 01 ara MacBook Air So. 888 : 4 3 % 5 4 & 7 8 9 O . W E R T Y U o S D F H L V V B N M V. 2






Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.