Franklin Company issued $90,000 of 10 -year, 8% bonds payable on January 1,2018 . Franklin Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements. Journalize the issuance of the bond payable at 103. Journalize the payment of semiannual interest when the bonds are issued at 103. Requirement 4. Which bond price results in the most interest expense for Franklin? Explain in detail. The results in the most interest expense. The must be amortized over the life of the bond, resulting in interest expense interest actually paid