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Bringham Company issues bonds with a par value of $580,000. The bonds mature in 10 years and pay 10% annual interest in semiannual payments. The

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Bringham Company issues bonds with a par value of $580,000. The bonds mature in 10 years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 12%. (Table B1. Table B2 Table 8.3, and Table B4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' Issuance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Cash Flow Table Value Amount Present Value Par (maturity value Interest (annuity) Price of bands Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the bonds' Issuance. (Round Intermediate calculations to the nearest dollar amount.) View transaction that Journal entry worksheet

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