Bringham Company issues bonds with a par value of $550,000 on their stated issue date. The bonds mature in 7 years and pay 6% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table B.1. Table B2 Table 3 and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their Issue date. 5. Prepare the journal entry to record the bonds" Issuance Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Regs What is the amount of each semiannual Interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium Par (maturity value Semiannual Rate 30% Semiannual cash interest payment 5 16.500 550.000 x Number of payments 14 Al a discount Whether the bonds are issued at parata discount or at a premium ringham Company issues bonds with a par value of $550,000 on their stated issue date. The bonds mature in 7 years and pay 6% anual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table B1. Table B2. Table 83 and Table B4) (Use appropriate foctor(s) from the tables provided) . What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date: 5. Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Reg 5 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round Intermediate calculations to the nearest dollar amount) Table Values are Based on 14 40% Amount Present Value Cash Flow Table Value 06246 Par (maturity) value Interest (annuity) Price of bonds Tingham Company issues bonds with a par value of $550,000 on their stated issue date. The bonds mature in 7 years and pay 6% minual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8%. (Table 8.1. Table B.2. Table 83 and Table B.4) (Use appropriate factor(s) from the tables provided.) What is the amount of each semiannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? . Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. . Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds' Issuance. Complete this question by entering your answers in the tabs below. Reg1 to 3 Reg 4 Reg 5 Prepare the journal entry to record the bonds issuance, (Round intermediate calculations to the nearest dollar amount.) View transaction list View journal entry workshet Debit Credit No Transaction General Journal 1 1 Cash Discount on bonds payable Bonds payable