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1000 TIUK . Bringham Company issues bonds with a par value of $800,000. The bonds mature in 10 years and pay 6% annual interest in

1000 TIUK . Bringham Company issues bonds with a par value of $800,000. The bonds mature in 10 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance. Exercise 10-16A Computing bond interest and price; recording bond issuance C2

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