55 LALU 1. ABC Company issued 200 bonds with a par value of $1,000 on January 1, 2016, with semiannual interest payments to be made on June 30 and December 31 at a coupon rate of 10%. The bonds are scheduled to mature in 5 years. Required: A. Create the necessary joumal entries for the transactions below: a. The bonds were issued at a market price of $1,000 i. Create the entry for issuing the bonds. ii. Create the entry for the first interest payment on June 30, 2016. b. The bonds were issued at a market price of $950. i. Create the entry for issuing the bonds. c. The bonds were issued at a market price of $1,050. i. Create the entry for issuing the bonds. Chart of Accounts Cash Bonds Payable Premium on Bonds Payable Discount on Bonds Payable Bond Interest Expense