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Bingham Company issues bonds with a par value of $ 7 0 0 , 0 0 0 . The bonds mature in 6 years and
Bingham Company issues bonds with a par value of $ The bonds mature in years and pay annual interest in
semiannual payments. The annual market rate for the bonds is Table B Table B Table B and Table BUse appropriate
factors from the tables provided
Compute the price of the bonds as of their issue date.
Prepare the joumal entry to record the bonds' issuance.
Compleke this question by entering your answers in the tabs below.
Compute the price of the bonds as of their issue date. Round all table velues to decimal places, and use the rounded table
values in calculations. Round intermediate calculations to the nearest dollar amount.
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