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larket interest rate is 5% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a disc Requirements 1. If the market interest rate is 5% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. 2. If the market interest rate is 7% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. 3. The issue price of the bonds is 94 . Journalize the following bond transactions: a. Issuance of the bonds on January 1, 2024. b. Payment of interest and amortization on June 30, 2024. c. Payment of interest and amortization on December 31, 2024. d. Retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded. On January 1, 2024, Technicians Creda Union (TCU) issued 8\%, 20-year bonds payable with face value of 5500,000 . The bonds pay interest en June 30 and December 31 . Read the Requirement 1 . If the market interest rate is 5% when TCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discourt? Explain. The 6% bonds issued when the maket interest rate is 5% will be priced at They are in this market, so imestors will pay to acquire them Requirement 2 . If the manket interest rate is 7$ when TCU issues its bonds, wal the bonds be proed at face value, at a premium, or at a discounr? Explain. The 6% bonds issued when the market interest rate is 7% witl be priced at They are in this maket, so investors will pay to acquire them. splanalons on the last line of the journal entry. Round your answers to the nearest whole dollar) 2. Joumalize the iswuance of the bonds on Jarnary 1, 2024 . b. Joumalize the payment of interest and amonsation on June 30,2024 . c. Joumsize the payment interesk and amortization on December 31, 2024