(Answered) Hartford research issues bonds dated january 1 2015 that

Accounting

Hartford Research issues bonds dated January 1, 2015, 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.

A. The market rate at the date of issuance is 8%,

Prepare the journal entry for Jan1,2015

B. The market rate at the date of issuance is 10%. Prepare the journal entry for Jan 01, 2015

C. The market rate at the date of issuance is 12%. Prepare the journal entry for Jan 01, 2015

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