3: Coral Sands Marina issued 100 five-year bonds on January 1, 2015. The interest payments are due semiannually (June 30 and December 31) at an annual rate of 8 percent. The effective rate on the bonds is 6 percent. The face value of each bond is $1,000. a. Prepare the journal entry that would be recorded on January 1, 2015, when the bonds are issued. b. Prepare the journal entries that would be recorded on June 30,2015. c. Compute the balance sheet value of the bond liability as of June 30,2015. d. What is the present value of the bond's remaining cash flows as of June 30,2015