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On January 1, 2021, Culver Corporation issued $902.000,7%, 5-year bonds dated January 1, 2021, to yield 8%. The bonds pay semi-annual interest on January 1

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On January 1, 2021, Culver Corporation issued $902.000,7%, 5-year bonds dated January 1, 2021, to yield 8%. The bonds pay semi-annual interest on January 1 and July 1. The company has a December 31 year end. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) Your answer has been saved. See score details after the due date. Calculate the selling price of the bond. (Round answer to the nearest thousand dollar, eg. $1,000.) $ 865000 Selling price of the bond Prepare all the journal entries that Culver Corporation would make related to this bond issue from issue date through to January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit 902000 Date CI January 1, 2021 Cash Bonds Payable

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