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Please answer all parts for positive feedback :) Bringham Company issues bonds with a par value of $500,000. The bonds mature in 8 years and
Please answer all parts for positive feedback :)
Bringham Company issues bonds with a par value of $500,000. The bonds mature in 8 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. (Table B.1, Table B.2, Table B.3, and Table B.4) (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. Required 1 Required 2 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.) Table Values are Based on: n = Table Value Amount Present Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds 0 Required 1 Required 2 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet 1 > Record the issuance of the bonds for cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 1Step by Step Solution
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