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Anderson Company issued $70,000 of 10 -year, 9% bonds payable on January 1,2024 . Anderson Company pays interest each Jaruary 1 and July 1 a

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Anderson Company issued $70,000 of 10 -year, 9% bonds payable on January 1,2024 . Anderson Company pays interest each Jaruary 1 and July 1 a amortizes discount or premium by the straight-line amortizaton method. The company can issue its bonds payable under various conditions. Read the reguirements. Requirement 1. Journalize Anderson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. (Record debits first, then credits. Exclude explanations from any joumal entries.) Journalize the issuance of the bond payable at face value. Requirements 1. Journalize Anderson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. 2. Journalize Anderson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 92. Explanations are not required. 3. Journalize Anderson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 103. Explanations are not required. 4. Which bond price results in the most interest expense for Anderson Company? Explain in detail

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