1w score : 6621%, 13.24 of 20 . 7ofI7 (14 complete) Score: 0 of 1 pt E12B-31 (book/static) Review the following three bonds payable assumptions Question Help (Click the icon to view the bond assumptions.) Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective-interest amortization method Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round your final answers to the nearest whole dollar.) Assumption 1 . Seven-year bonds payable with face value of $83,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. The present value of the bonds at issuance is $83,000 Journalize the issuance of the bonds when the market interest rate is 10%. Credit Debit Accounts Date s bond premium and discount By ie elec ou t, then credits. Exclude explanations from any journal entries. Round your final answers (o he ieuroj al i More Info Seven-year bonds payable with face value of $83,000 and stated interest rate of 10%, paid semiannually The market rate of interest is 10% at issuance The present value of the bonds at issuance is $83,000 Same bonds payable as in assumption 1, but the market interest rate is 16%. The present value of the bonds at issuance is $62,433 1. 2. Same bonds payable as in assumption 1, but the market interest rate is 8%. The present value of the bonds at issuance is $91,727 3. Print Done