F204 A B fx C D E G H 207 Home Alone issued $450,000 of 20 year, 4% bonds payable on March 1, 2023. The 208 bonds pay interest each February 28 and August 31 and the company ends its accounting 209 year on December 31. 210 a. If the market rate of interest is 5%, the bonds will be priced at: 211 b. If the market rate of interest is 3%, the bonds will be priced at: 212 c. Journalize the entries for: 213 Issuance of the bonds at 99 on March 1, 2023: DR CR 214 215 216 3/1/23 Cash Discount Bonds payable 217 218 Payment of interest and amortization of discount on August 31, 2023: 8/31/23 interest expense 219 220 221 222 223 Cash Interest expense Discount 224 225 Accrual of interest and amortization of discount at December 31, 2023: 12/31/23 interest expense 226 227 228 229 230 231 interest payable Interest expense discount 232 Payment of interest and amortization of discount on February 28, 2024: 2/28/24 interest payable Interest expense Cash interest expense 233 234 235 236 237 238 239 240 Sheet Discount