Exercise 10.18A (Algo) Computing bond interest and price; recording bond issuance LO C2 Ctywide Company issues bonds with a pae value of $70,000. The bonds mature in eight years and pary to\% annual interest in semiannual payments. The annual market rate for the bonds is 8\%, Coble B.1 Iable B.2. Toble. B.3, and Table B.4 Note: Use appropriate factor(s) from the tables provided. 1. Compute the price of the bonds as of their issue date. 2. Prepare the joumal entry to record the bonds' issuance. Complete this question by entering your answers in the tabs below. Compute the geice of the bonds of of their issue date. Note: Round intermediate calculations to the nearest dolar amount Exercise 10-18A (Algo) Computing bond interest and price; recording bond issuance LO C2 Citywide Company issues bonds with a par value of $70,000. The bonds mature in eight years and pay 10\% annual interest in semiannual poyments. The annual market rate for the bonds is 8\%. (Table B.1. Inale. B.2. Intele B.3, and Toble B.4) Note: 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. Anvwer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the bonas hasance. Note! flound intermedate calculations to the neares dollar amunt