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Exercise 10-18A (Static) Computing bond interest and price; recording bond issuance LO C2 Citywide Company issues bonds with a par value of $150,000. The bonds

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Exercise 10-18A (Static) Computing bond interest and price; recording bond issuance LO C2 Citywide Company issues bonds with a par value of $150,000. The bonds mature in five years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 8\%. (Table B1. Table B.2. 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 joumal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Compute the price of the bonds as of their issue date. (Round intermediate calculations to the nearest dollar amount.) Prepare the joumal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) Journal entry worksheet Fecord the issuance of the bonds for cash. Note: Enter dobits before credits

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