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  3. 26 citywide company issues bonds with a par value

26 Citywide Company issues bonds with a par value of $79,000. The bonds mature in...

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Accounting

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26 Citywide Company issues bonds with a par value of $79,000. The bonds mature in seven years and pay 12% annual interest in semiannual payments. The annual market rate for the bonds is 10% (Table B1. Table 8.2. 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. Print 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 intermediate calculations to the nearest doltar amour Table Values are Based on: n Cash Flow Table Value Amount Present Value Par (maturity) value Interest (annuity) Price of bonds $ 0 Required 2 >

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