Dash Enterprises is planning to issue $560$ bonds, each having a face amount of $$1,000.$

Required:

Prepare the journal entry to record the sale of the bonds at par. If an amount box does not require an entry, leave it blank.

$x$

Bonds Payable

Record issuance of bonds at par

$x$

Prepare the journal entry to record the sale of the bonds at a premium of $$34,000.$ If an amount box does not require an entry, leave it blank.

Record issuance of bonds at premium

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Partially correct

Prepare the journal entry to record the sale of the bonds at a discount of $$41,000.$ If an amount box does not require an entry, leave it blank.

Record issuance of bonds at discount

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Partially correct

Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest $($yield$)$ highest?

The bonds sell at discount $$