5 4 point Exercise 10-3A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $800,000 on their stated issue date. The bonds mature in 10 years and pay 5% annual Interest in semiannual payments. On the issue date, the annual market rate for the bonds is 8% (Table B.1. Table 3.2. Tobie 83. and Table 3.49 (Use appropriate factor(s) from the tables provided.) 1. What is the amount of each semiannual interest payment for these bonds? 2. How many semiannual interest payments will be made on these bonds over their life? 3. Use the Interest rates given to select whether the bonds are issued at par, at a discount, or at a premium. 4. Compute the price of the bonds as of their issue date. 5. Prepare the journal entry to record the bonds" issuance. Hint Complete this question by entering your answers in the tabs below. Red Regs Reg 1 to 3 Prepare the journal entry to record the bonds" issuance View transaction et Journal entry worksheet 5 View transaction list points Journal entry worksheet Book Hint Record the issue of bonds with a par value of $800,000 for cash. Print rences Note: Enter debits before credits Debit Credit Transaction General Journal Cash Accounts payable 800,000 800,000