Adam Company issued $110,000 of 10-year, 7% bonds payable on January 1, 2024. Adam Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company its bonds payable under various conditions. Read the requirements CHE Jul. 1 1 Interest Expense 3,850 Cash 3,850 - X Journalize Adarn Company's issuance of the bonds and first semiannual interest payment assurring Requirements Requirement journal entries.) xplanations Journalize the issuance of the bond payable at 90. 1. Date Accounts Debit Credit 2024 2. Jan. 1 Cash Discount on Bonds Payable Bonds Payable 99,000 11,000 Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 90. Explanations are not required. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 107. Explanations are not required. Which bond price results in the most interest expense for Adam Company? Explain in detail. 3 110,000 4. Journalize the payment of semiannual interest when the bonds are issued at 90. . Date Accounts Debit Credit 2024 Jul 1 Print Done Interest Expense Cash Discount on Bonds Payable