Exercise A Algo Computing bond interest and price; recording bond issuance LO C

Brin Company issues bonds with a par value of $ The bonds mature in years and pay annual interest in semiannual payments. The annual market rate for the bonds is Table B Table B Table B and Table B

Note: Use appropriate factors from the tables provided.

Compute the price of the bonds as of their issue date.

Prepare the journal entry to record the bonds issuance.