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need help with 1&2 12 N ts Exercise 10-18A...

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Accounting

need help with 1&2
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12 N ts Exercise 10-18A (Algo) Computing bond interest and price; recording bond issuance LO C2 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 8.1 Table 82. 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 took int Complete this question by entering your answers in the tabs below. Required Required int rence Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) View transaction list Journal entry worksheet Record the issuance of the bonds for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry View general journal Clear entry

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