C mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=625338163&questionid=1 46-Summer22- Online] PRINCIPLES OF ACCOUNTING I Homework: Module 4: Chapter 14 Homework Question 3, EF14-24 Part 7 of 7 m Company issued $80,000 of 10-year, 5% bonds payable on January 1, 2024. Adam Company pays interest each January ds payable under various conditions. ad the requirements. quirement 3. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds we umal entries.) Durnalize the issuance of the bond payable at 109. Date 2024 Accounts Jan. 1 Cash Premium on Bonds Payable Bonds Payable Debit Credit 87,200 7,200 80,000 Joumalize the payment of semiannual interest when the bonds are issued at 109. Date Accounts Debit Credit 20 Jul discount price of 96 1,640 360 2,000 issuance at face value premium price of 109- Req its in the most interest expense for Adam? Explain in detail. The results in the most interest expense. The must be amortized over the life of the bond, resultin Help me solve this Etext pages Calculator MacBook Pro Al X MyLab Accounting Student Lin X Do Homework Module 4: Cha x Maplewood Properties Bd searson.com/Student/PlayerHomework.aspx?homeworkid=625338163&questionid=1&flushed=false&cid=698 ne] PRINCIPLES OF ACCOUNTING I dule 4: Chapter 14 Homework Question 3, EF14-24 (similar to) Part 7 of 7 000 of 10-year, 5% bonds payable on January 1, 2024. Adam Company pays interest each January 1 ar s conditions. Requiremen Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were the bond payable at 109, Accounts on Bonds Payable yable Debit Credit 87,200 7,200 80,000 1. Journalize interest pay Explanations 2. Journalize A interest paym not required. 3. Journalize As interest paym not required. 4. Which bond p Explain in deta of semiannual interest when the bonds are issued at 109. Accounts Debit Credit pense on Bonds Payable discount face value premium wich bond price results in the most interest expense results in the most interest expense. The ve this Etext pages Calculator otal must be amortized over the life of the bond, resulting in interest expense MacBook Pro tion 3, EF14-24 (similar to) Part 7 of 7 interest each January 1 ar went assuming the bonds were Requirements HW Score: 48.57%, 2.91 of 6 points Points: 0.91 of 1 1. 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. 2. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 96. Explanations are not required. 3. Journalize Adam Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 109. Explanations are not required. 4. Which bond price results in the most interest expense for Adam Company? Explain in detail. Print Done greater than the amount of interest actually paid. & detail. amortized over the life of the bond, resulting in interest expense less than MacBook Pro A Clear all Check an