Complete the below table to determine the bonds issue

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Reference no: EM13482087

Consider each of the following three separate situations.

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, 2013.par maturity value, total value, amount, present value interest(annuity) total value, amount, present value price of bonds.

Prepare the journal entry to record their issuance.

Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 10%.

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.

par maturity value, total value, amount, present value

interest (annuity), total value, amount, present value

Price of bonds

Prepare the journal entry to record their issuance.

Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 12%.

.	The market rate at the date of issuance is 14%.

(a)

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

par maturity value, total value, amount, present value,

interest, total value, amount, present value

price of bonds.

(b)	Prepare the journal entry to record their issuance Record the issue of bonds with a par value of $32,000 cash on January 1, 2013. Assume that the market rate of interest at the date of issue is 14%.

Reference no: EM13482087

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