QS 14-10 Bond retirement by call option LO P4 On July 1. Aloha Co. exercises a call option that requires Aloha to pay $244.800 for its outstanding bonds that have a carrying value of $247,800 and par value of $240,000. The company exercises the call option after the semiannual interest is paid the day before on June 30 Record the entry to retire the bonds. View transaction list Journal entry worksheet 1 Record the retirement of bonds before maturity. Note: Enter debits before credits Debit Credit Date General Journal July 01 Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $620,000. The bonds mature in 8 years and pay 10% annual interest in semiannual payments. The annual market rate for the bonds is 12% (Table B.1. Table B2 Table B3 and Table B4) (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. Complete this question by entering your answers in the tabs below. 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 Amount Present Value Table Value Cash Flow Par (maturity) value Interest (annuity) Price of bonds Remirer Required 2 > Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $620,000. The bonds mature in 8 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 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the bonds'issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction ist Journal entry worksheet