1. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. 2. Explanations are not required. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 91. Explanations are not required. 3. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 105. Explanations are not required. 4. Which bond price results in the most interest expense for Adam Company? Explain in detail. Adam Company issued $90,000 of 10-year, 7% bonds payable on January 1, 2024. Adam Comp each January 1 and July 1 and amortizes discount or premium by the straight-line amortization m can issue its bonds payable under various conditions. Read the requirements Date 2024 Jan. 1 Cash Bonds Payable Accounts Debit Credit 90,000 90,000 Journalize the payment of semiannual interest when the bonds are issued at face value. Date 2024 Jul. 1 Interest Expense Cash Accounts Debit Credit 3,150 3,150 Adam Company issued $90,000 of 10-year, 7% bonds payable on January 1, 2024. Adam Company pays each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. Th can issue its bonds payable under various conditions. Read the requirements Jul. 1 Interest Expense Cash 3,150 3,150 Requirement 2. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 91. Explanations are not required. (Record debits first, then credits. Exclu explanations from any journal entries.) Journalize the issuance of the bond payable at 91. Date 2024 Jan. 1 Accounts Debit Credit