Calculate bond issuances and record the journal entry and t-accountd for respective transactions and accounts. (left side for at discount and right side for at premium)

Issuing Bond At Discount: Jan 1, 2016, a company issued the following bond: Face Value $100,000 Contract Rate 8% Market Rate 10% Issue Price 96.454% of Par Value Interest paid semiannually on 6/30 and 12/31 Maturity date Dec 31, 2017 (2 years bond) Issuing Bond at Premium Jan 1, 2016, a company issued the following bond: Face Value $100,000 Contract Rate 12% Market Rate 10% Issue Price 103.546% of Par Value Interest paid semiannually on 6/30 and 12/31 Maturity date Dec 31, 2017 (2 years bond) a. Record the Journal Entry (JE) when issuing the bond on Jan 1, 2016 b. Record the JE for Interest expense every six month c. Record the JE when the bond matured on Dec 31, 2017 a. Record the Journal Entry (JE) when issuing the bond on Jan 1, 2016 b. Record the JE for Interest expense every six month c. Record the JE when the bond matured on Dec 31, 2017 Face Value: (a) Face Value: (a) (b) Cash Received (or Bond Issure price) Discount on Bond Payable Cash Received (or Bond Issure price) Premium on Bond Payable (b) (c = a - b) (c = a - b) Semiannual Payment = Principle X Interest Rate x Partial Month Semiannual Payment = Principle X Interest Rate x Partial Month (d) (d) How many times of payments: Total: Principal Payback (f = exd) (g = a) How many times of payments: Total: Principal Payback (e) (f = ex d) (g = a) Total Cash Pay Out after ..... Years (h = f + g) Total Cash Pay Out after ..... Yes. (n = f + g) Total Interest Expenses = Total Cash Pay Out - Total Cash Received (1. = h -b) Total Interest Expenses = Total Cash Pay Out - Total Cash Received (i. = h - b Divided by number of payments: (j = e) Divided by number of payments : ( = e) Interest Epense every six month (k = i./1) Interest Epense every six month (k = i./j) Date Account Title Debit Credi Date Account Title Debit Credi Asset Liabilities Asset Liabilities Expense Expense