Question: part 1 and 2 help please :) 7 Exercise 10-17A (Static) Computing bond interest and price; recording bond issuance LO C2 0.5 points Brin Company

part 1 and 2 help please :)
part 1 and 2 help please :) 7 Exercise 10-17A (Static) Computing
bond interest and price; recording bond issuance LO C2 0.5 points Brin

7 Exercise 10-17A (Static) Computing bond interest and price; recording bond issuance LO C2 0.5 points Brin 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% Table B.1. Table 8.2. Table 83 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. eBook Complete this question by entering your answers in the tabs below. Prim Required 1 Required 2 References 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 Table Value Amount Present Value Cash Flow Par maturity) value Interest any Proof bonds $ Required 2 > 7. Exercise 10-17A (Static) Computing bond interest and price; recording bond issuance LO C2 0.5 points Brin 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% (Table B.1. Table 8.2. Table 8.3, and Toble 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: Book Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Prepare the journal entry to record the bands issuance (Round intermediate calculations to the nearest dolor amount) View transaction list View journal entry worksheet Transaction No 1 General Journal Debit Credit Cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!