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Brin Company issues bonds with a par value of $620,000. The bonds mature in 8...

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Accounting

Brin Company issues bonds with a par value of $620,000. The bonds mature in 8 years and pay 10% annual interest in semiannual
payments. The annual market rate for the bonds is 12%.(Table B.1, Table B.2, Table B.3, and Table B.4)
Note: Use appropriate factor(s) from the tables provided.
Compute the price of the bonds as of their issue date.
Prepare the journal entry to record the bonds' issuance.
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