E15.5 Prepare entries for issuance and redemption of bonds. (LO 2) Swisher Company issued $2,000,000 of bonds on January 1, 2020. Instructions (a) Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 98, and (3) 103. (b) Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100. (c) Prepare the journal entry to record the redemption of the bonds before maturity at 98. Assume the balance in Premium on Bonds Payable is $9,000. E15.3 Prepare entries for bonds issued at face value. (LO 2) On January 1, 2020, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal entries to record the following. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2020. (c) The payment of interest on January 1, 2021