Bringham Company issues bonds with a par value of $530,000. The bonds mature in 5 years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 12%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 1a. Compute the price of the bonds as of their issue date. 1b. Prepare the journal entry to record the bonds issuance.

1a.

table values are based on:

n =

I =

cash flow	table value	=-/x	amount		present value
par (maturity) value
interest (annuity)
price of bonds

1b.

transaction	general journal	debit	credit