Bringham Companyr issues bonds with a par value of $670,000. The bonds mature in 9 years and pa_.r 10% annual interest in semiannual payments. The...
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Bringham Companyr issues bonds with a par value of $670,000. The bonds mature in 9 years and pa\_.«r 10% annual interest in
semiannual payments. The annual market rate for the bonds is 12%. [Table 3.1, Table 3.2, Table 3.3 and Table 3.4] {Use appropriate factotts} 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. Conwlete this quesfion 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.) Price of bonds Required 2 )

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