The Bradford Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2013. The bonds mature on December 31, 2022 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1.	Determine the price of the bonds at January 1, 2013. (Enter your answers whole dollars.)

Table value are based on:

N = ?

I = ?

Cash FlowAmount..Present Value

Interest(? Amount)(? PV)

Principal.(? amount).(?PV)

Price of Bonds. ?

2 - Prepare the journal entry to record their issuance by The Bradford Company on January 1, 2013. (Enter your answers in whole dollars. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.)

Record the bond issuance by the Bradford Company

3 - Prepare the journal entry to record interest on June 30, 2013 (at the effective rate). (Enter your answers in whole dollars. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.)

Record the interest on June 30, 2013 (at the effective rate)

4 - Prepare the journal entry to record interest on December 31, 2013 (at the effective rate). (Enter your answers in whole dollars. If no journal entry is required for a transaction, select "No journal entry required" in the first account field.)

Record the interest on December 31, 2013 (at the effective rate)