5. Compute the price of $5,270,353 received for the bonds by using Exhibit 5 and Exhibit 7. (Round you PV values to 5 decimal places and the final answers to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences.

Band Diacount Entries for Bonds Payable Trancactions On Ju 1 .ar 1 Dancer lr duat Inc. aaued SS 700,000 u S yuar, 9 bo da. marewe w K rve r a wat rata of 11%. recem ng tah a $5,270 353. Inte wat on h. bonda a payable aem annually on Dwaar bar 31 and June 30. Th. acal year cf . ca maw th. calenda year. Requiredi 1. Journia. .fwy to rucu d thmount of cash prac wds from wancu Qf the bonds on July 1 % i ly an amount boz do not wur. an .fwy, liave it blank. Dicoount on Bonds Payable Bonds Peyable 2. Journa iaa the anories to record th following an amount boo does noc reaure an entry, l". it blank. 5. The fir, 5ems nusl mrer? payment on December 31 veer 1. Md The Nmon7Mon of the bend discoune, umng te msgne-lie mend Round veur Mtwer to the nee en dolls.) Discount on Bonds Payabl Discount on Bonds Cash 3. Datarmine tng tocal interest 1perse for var 1. Round to th naarest dolar 299,465 wil the bond proceeC5 ssy, be e55 than the foe mount of the bondsten the contract rate i5 les5 t-on the market te of interest? 4, 3. Compute the price of $5 272 353 ocened for the bonds by using Exhibit 1d Echibit 7 Present value of the Face smount Present value of the sem-snnusl interest payments Pice ved for the bands Round you pv va uts to 5 ded al places and the final a s ers to the nearest dollar. "Your total may vary sightly from the price given due to ou ding differences 3.-847.500x .270.353