Issuance of Bonds}

Natalie Corp. provides medical supplies to hospitals located in western Washington and Oregon. This year, Natalie Corp. issued 8,000 bonds with a \(\$ 1,000\) face value. The nominal rate for each bond is \(7 \%\).

\section*{Required:}

Prepare the necessary journal entries to record the issuance of these bonds, assuming the bonds were issued

(a) at face value,

(b) at 103 , and

(c) at 96 .

\section*{Brief Exercise