Exercise 14-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $620,000 on their stated issue date. The bonds mature in 8 years and pay 10% annual interest in semi e date, the annual market rate for the bonds is 12%, aableBL lable B2 lableBa. and Iable B.4) (Use appropriate factorls) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date 5. Prepare the journal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below Rea 1o a Req 4 What is the amount of each semiannual interest payment for these bonds? How many semiannual interest payments will be made on these bonds over their life? Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium Semiannual cash ar (maturity) value Rate Number of payments Whether the bonds are issued at par, at a discount or at a premium? Req 4 > Exercise 14-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $620.000 on their stated isue date Th Bringham Company issues bonds with a par value of $620,000 on their stated issue date. The bonds mature in 8 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 12m. Table B.1. Table 82. Table B3 and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their lite? 3. Use the interest rates given to select whether the bonds are issued at par at a discount, or at a premium 4. Compute the price of the bonds as of their issue date 5. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below Req 1 to 3 R4 Req 5 Compute the price of the bonds as of their issue 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.) Present Value Cash FlowTable Value Par (maturity) value Interest (annuity) Price of bonds Req 5 Req 1 to 3 K Exercises 6 Saved Exercise 14-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $620,000 on their stated issue date. The bonds mature in 8 years and pay 10% annual interest in semiannual payments. On the issue date, the annual market rate for the bonds is 12% Table B1 Table B 2 Table and Iable B.4) (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds' issuance Complete this question by entering your answers in the tabs below Req 5 Req 1 to 3 Req 4 es 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 issue of bonds with a par value of $620,000 for cash. Note: Enter debits before credits.