(Solved): TABLE 14A.1 Present Value of 1 Due in n Perlods TABLE 14A.2. Present Value of an Annulty of 1 Rer ...

TABLE 14A.1 Present Value of 1 Due in $$n$$ Perlods TABLE 14A.2. Present Value of an Annulty of 1 Reriod a. For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the finol answers to the nearest whole dollor.) b. For each of these three situations, prepare the journal entry that would record the issuance, assuming the market interest rate at the date of issuance was (1) $$6\%$$, (2) 10\%, (3) 14\%. (Use PV tables in determining the issue price of the bonds. Do not round intermediate calculations. Round the final answers to the nearest whole dollat.) Journal entry worksheet Record the sale of bonds on original issue date at $$6\%$$ market interest rate. Wotei Lnter debuts before eredits. Journal entry worksheet Record issuance of bond payable at $$10\%$$ market interest rate. Note: Enter debits before credits. Journal entry worksheet Record issuance of bond payable at $$14\%$$ market interest rate. Psotes Enter debits before credits. Queen Energy inc issued bonds on January 1, 2020, that pay interest semiannualy on June 30 and December 31 . The par value of the bonds is $$\$270,000$$, the annual contract rate is $$10\%$$, and the bonds mature in 10 years. (Use TABLE 14A1 and IABLE 14A 2) (Use oppropriate foctor(s) from the tobles provided.) Required: a. For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)