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Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 years and pay 7% annual

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Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10% (Table B.1. Table 82. Table 8.3. and Table 8.4) (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 dote. 5. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below. Red 1 Reg 4 Reg 5 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 ids are issued at par, at a discount, or at a premium, Semiannual Semiannual cash Par (maturity) value Rate interest payment Number of payments Whether the bonds are issued of par, at a discount er at a premium? R4 Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B.1. Table 8.2. Table 8.3. 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 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: n Table Value Amount Present Value Cash Flow Par (maturity) value Interest (annuity Price of bonds Reg1 to 3 Regs> Bringham Company issues bonds with a par value of $560,000 on their stated issue date. The bonds mature in 8 years and pay 7% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 10%. (Table B.1. Table 8.2. Table 8.3. 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. Req 1 to 3 Req4 Reqs Prepare the journal entry to record the bands' issuance. (Round intermediate calculations to the nearest dollar amount View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $560,000 for cash. Note: Enter debits before credits Transaction Debit General Journal Credit

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