Clark Company issued $100,000 of 10-year, 7% bonds payable on January 1, 2018. Clark Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements Requiremont 1. Journalzo Clark 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 Journal entries.) Journalize the issuance of the bond payable at face value. Date Accounts Debit 2018 Credit Jan 1 Journalize the payment of semiannual interest when the bonds are issued at face value Date Accounts Debit Credit 2018 Jul 1 Time Remaining:01:25:18 Next Clark Company issued $100,000 of 10-year, 7% bonds payable on January 1, 2016. Clark Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements Requirement 2. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 95. Explanations are not required. (Record debits first, then credits. Exclude explanations from any Journal entries) Journalize the issuance of the bond payable at 95. Accounts Debit Date Credit 2018 Jan. 1 Journalize the payment of semiannual interest when the bonds are issued at 95 Date Accounts Debit Credit 2018 Jul 1 Elena dance Clark Company issued $100,000 of 10-year, 7% bonds payable on January 1, 2018. Clark Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements Requirement 3. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 105. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bond payable at 105. Accounts Date Debit Credit 2018 Jan. 1 Journalize the payment of semiannual interest when the bonds are issued at 105. Date Accounts Debit Credit 2018 Jul 1 Requirement 4. Which bond price results in the most interest expense for Clark? Explain in detail Time Remaining: 01:24:18 Next Requirement 4. Which bond price results in the most interest expense for Clark? Explain in detail. The y results in the most interest expense. The must be amortized over the life of the bond, resulting in interest expense the amount of Interest actually paid