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Exerclse 14- 7A (Akgol Computing bond Interest and prke; recording bond bsuence LOC2 Brin Company issues bonds with a par value of $530.000. The bonds
Exerclse 14- 7A (Akgol Computing bond Interest and prke; recording bond bsuence LOC2 Brin Company issues bonds with a par value of $530.000. The bonds mature in 5 years and pay 10% annual interest in semlannual payments. The annual market rate for the bonds is 12%. (Table B.1. Table B.2. Table B.3, and 'Use approprlate factoris' 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. Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) Journal entry worksheet Noce: Emer deals berore credss. Exerclse 14-7A (Akgol Computing bond Interest and prke; recording bond ksuence LOC2 Brin Company issues bonds with a par value of $530.000. The bonds mature in 5 years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 12%. (Table B.1. Table B. 2 . Table B.3, and (Use approprlate factoris' 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. 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.)
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