1- Merim Textiles was permitted to issue 10-year bonds with par value of $5000 at the interest rate of 10% which will be paid quaterly. However, company sells each bond at discount price of $4500 due to low credit ratings of the company. The company issued 500 bonds on August 19, 2019. Record the transactions of the bond till December 31". 2021. 2- TNS Power Company obtained authorization to issue 20-year bonds with par value of $10.000 at interest rate of 15% which will be paid semiannually. However, company sells each bond at premium price of $12,000 due to its higher credit ratings. The company issued 1000 bonds on September 15, 2019. Record the transactions of the bond till December 31 2021