A company issues bonds with a par value of $800,000 on their issue date of January 1, 2020. The bonds mature in five years and pay 8% annual interest in two semiannual payments. (Note #1 does not apply to the exam (at par value)) 2) On the issue date, the market rate of interest is 6% a) Compute the price of the bonds on their issue date. b) Prepare the general journal entry for the issuance of the bonds. c) Prepare the general journal entry for the first payment. (Round to the nearest dollar) (July 1, 2020, using straight line amortization) Present value of 1 due in periods at % periods at % Present value of an annuity for Bond issue price