Exercise 14-16A Computing bond interest and price: recording bond issuance LO C2 Bringham Company issues bords with a par value of $800,000. The bonds mature in 10 years and pay 6% annual interest in serriannual payments. The annual market rate for the bonds is 8%, Table B1, Table B2 Table B3, 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. Answer is complete but not entirely correct. 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 amountio Na Credit General Journal Transaction Debit 721.047 X 78,953 1 Cash Discount on bands payable Bonds payable 800.000