1. A company borrowed $1000 cash by issuing a lender a bond payable. The cash was borrowed on 1/1/A and must be repaid at 12/31/D. The borrowing company must pay 3% interest on every 12/31 beginning on 12/31/A. Three percent is a reasonable interest rate and so this bond was issued at par. Make all the journal entries needed for this bond. Post the entries to t-accounts for the borrower and post all journal entries. Debit Credit dr amount cr amount DATE 1/1/A 5 12/31/A 5 7 12/31/B 9 12/31/C 12/31/D