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Citywide Company issues bonds with a par value of $77,000. The bonds mature in nine years and pay 8% annual interest in semiannual payments. The

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Citywide Company issues bonds with a par value of $77,000. The bonds mature in nine years and pay 8% annual interest in semiannual payments. The annual market rate for the bonds is 6% Table B.1. Table 82. Table B. 3. and Table 8.4 (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 issue date. (Round Intermediate calculations to the nearest dollar amount.) Table Values are based on n 18 8.0% Present Value Cash Flow Table Value Amount $ 10,500 $ 2,650 Par maturity) value Interest annuity Price of bonds 0.2502 42360.8200 5 2.650 Required 2 > Citywide Company issues bonds with a par value of $77,000. The bonds mature in nine years semiannual payments. The annual market rate for the bonds is 6%. (Table B.1. Table B.2. Table 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 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nea View transaction list View journal entry worksheet Debit No Transaction General Journal 87,590 1 Cash Premium on bonds payable Bonds payable

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