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1. On January 1,2016 , Bernard Ltd. issues 6004% bonds with a face value of $1000. The bonds mature on December 31, 2025 and pay

1. On January 1,2016 , Bernard Ltd. issues 6004% bonds with a face value of $1000. The bonds mature on December 31, 2025 and pay interest semi-annually. Prepare all the necessary journal entries to record the issue of the bonds for each of the following scenarios. - bonds sold at 100 - bonds sold at 103 - bonds sold at 98.4 2. Record the bond interest expense on June 30,2017 for each of the above scenarios. 3. Record the retirement of the bonds on December 31, 2025

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