Columbus Company issued $40,000 of 10- year, 6% bonds payable on January 1, 2018. Columbus company pays interest each january 1 and july 1 and amortizes discount or premium by thr striaght line amortization method. The company can issue its bonds payable under various conditions.

i Requirements Debi 90 1. Journalize Columbus 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 Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 91. Explanations are not required. 3. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 106. Explanations are not required. 4. Which bond price results in the most interest expense for Columbus Company? Explain in detail. Print Done Requirement 1. Journalize Columbus Company's issuance of the bonds and first semiannual interest payment assuming the bonds w from any journal entries.) Journalize the issuance of the bond payable at face value. Accounts Date Debit Credit 2018 Jan. 1