Question: need help 2 Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $600,000.

 need help 2 Exercise 14-16A Computing bond interest and price; recording
bond issuance LO C2 Bringham Company issues bonds with a par value
need help

2 Exercise 14-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $600,000. The bonds mature in 10 years and pay 6% annust interest in semiannual payments. The annual market rate for the bonds is 8%. (Table 8.1. Table 3.2. Table 8.3. and Table 34) (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. e 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.) aces Table Values are based on: n. Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds 0 Required 2 > Bringham Company issues bonds with a par value of $600,000. The bonds mature in 10 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8% (Table 3.1. Table 3.2. Table 8.3. and Table 8.4) (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 Prepare the journal entry to record the bonds issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet 1 Record the issuance of the bonds for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit

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