On January 1, 2016, NFB visual Aids issued $900,000 of its 20-year, 10% bonds. The bonds were priced to 12%. Interest is payable on June 30 and December 31. NFB Aids records interest expense at effective rate and elected the option to report these bonds at their fair value. December 31, 2016, the fair value of the bonds was $768,000 as determined by their market value in the appropriate factor(s) from the tables provided) Required: 1 a. Determine the price of the bonds at January 1, 2016. 745,524 1-b to 4. Prepare the necessary Journal entries. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the issuance of bonds. Debit credit General Journal Date Ask me anything