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Che Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company...

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Che Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $680,000. The bonds mature in 8 years and pay 8% annual interest in semiannual payments. The annual market rate for the bonds is 10% (Table B1. Table B.2. Table B.3 and Table 3.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds Issuance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the price of the bonds as of their Issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round Intermediate calculations to the nearest dollar amount.) Table Values are Based on: Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds $ Reguliud Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the fournal entry to record the bonds Issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet

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