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Bringham Company issues bonds with a par value of $700,000. The bonds mature in 6 years and pay 6% annual interest in semiannual payments. The

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Bringham Company issues bonds with a par value of $700,000. The bonds mature in 6 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8% (Table 81. Table B2. Table B.3 and Table B.4 (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 lissue 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 anBased on: Table Value Amount Present Value Par maturity) valve Frice of bonds Required 2 > Complete this question by entering your answers in the tabs below. Requrd 1 Required 2 Prepare the journal entry to record the bonds" issuance (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet Record the issuance of the bonds for cash. Noter Enter debes before credits Transaction General Journal Debit Credit Rucand entry Clarity Vorworld

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