Brin Company issues bonds with a par value of $640,000. The bonds mature in 6 years...

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Brin Company issues bonds with a par value of $640,000. The bonds mature in 6 years and pay 7% annual interest in semiannual payments. The annual market rate for the bonds is 10%. (Teble B1, Table B.2, Table B3, 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 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= %3D Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds %24 years ar payments. The annual market rate for the bonds is 10%. (Table B1. Table B2, Table 8.3, 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 Prepare the journal entry to record the bonds' issuance. (Round Intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet Record the isuance of the bonds for cash. Brin Company issues bonds with a par value of $640,000. The bonds mature in 6 years and pay 7% annual interest in semiannual payments. The annual market rate for the bonds is 10%. (Teble B1, Table B.2, Table B3, 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 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= %3D Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds %24 years ar payments. The annual market rate for the bonds is 10%. (Table B1. Table B2, Table 8.3, 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 Prepare the journal entry to record the bonds' issuance. (Round Intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet Record the isuance of the bonds for cash.

Answer rating: 100% (QA)

1 Semiannual interest payment Par valur of bonds x St... View the full answer