Brin Company issues bonds with a par value of $$620,000.$ The bonds mature in $8$ years and pay $10\%$ annual interest in semiannual

payments. The annual market rate for the bonds is $12\%.($Table B$\mathrm{.}1,$ Table B$\mathrm{.}2,$ Table B$\mathrm{.}3,$ and Table B$\mathrm{.}4)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Compute the price of the bonds as of their issue date.

Prepare the journal entry to record the bonds' issuance.