FA21 Acct 112-NOO1 Prin of Acct 11 = Homework: Financial Chapter... Question 6, EF14B-31 (si... Part 4 of 6 HW Score: 69.27%, 69.27 of 100 points Points: 8.75 of 20 Review the following three bonds payable assumptions: (Click the icon to view the bond assumptions.) Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount amortization method. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round your final answers to the More Info Assumption 1. Seven-year bonds payable with f the bonds at issuance is $91,000. Journalize the issuance of the bonds when the m Date Accounts 1. Seven-year bonds payable with face value of $91,000 and stated interest rate of 12%, paid semiannually. The market rate of interest is 12% at issuance. The present value of the bonds at issuance is $91,000. 2. Same bonds payable as in assumption 1, but the market interest rate is 14%. The present value of the bonds at issuance is $83,056. 3. Same bonds payable as in assumption 1, but the market interest rate is 10%. The present value of the bonds at issuance is $100,004. Help Me Solve This e Text Pages