Bonds Payable Review Problem Jumping Jacks Corp issued 15 year bonds with a face value of $2,000,000 and a contract interest rate of 8% on Jan 1, 2016 that pays interest semiannually. Requirements: PART A 1. Prepare the journal entry assuming the bonds were issued at 104. Prepare the journal entry for interest and amortization. 3. Prepare the journal entry if the bonds were retired at maturity 1. Prepare the journal entry assuming the bonds were issued at 97. 2. Prepare the journal entry for interest and amortization. 3. Prepare the journal entry if the bonds were retired on July 2, 2018, at 98