Franklin issued $100,000 of 10-year, 5% bonds payable on January 1, 2016. Franklin 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. Requirement 1. Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bond payable at face value. Date Accounts Debit Credit Requirements 2016 Jan. 1 1. Joumaize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required 2. Joumaine Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 93. Explanations are not required Journalize the payment of semiannual interest when the bonds are issued at face value. 3. Joumaize Franklin's issuance of the bands and first semiannual interest payment assuming the bonds were issued at 106. Explanations are not Date Accounts Debit Credit required 4. Which bond price results in the most interest expense for Franklin? Explain in 2016 detail Jul. 1 Print Done Requirement 2. Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 93. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bond payable at 93. Date Accounts Debit Credit 2016 Jan. 1 Journalize the payment of semiannual interest when the bonds are issued at 93. Date Accounts Debit Credit 2016 Jul. 1 Requirement 3. Journalize Franklin's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 105. Explanations are r required. (Record debits first, then credits. Exclude explanations from any journal entries.) Joumalize the issuance of the bond payable at 105 Date Accounts Debit Credit 2016 Jan. 1 Journalize the payment of semiannual interest when the bonds are issued at 105. Date Accounts Debit Credit 2016 Jul 1 Requirement 4. Which bond price results in the most interest expense for Franklin? Explain in detail The must be amortized over the life of the bond, resulting in interest expense results in the most interest expense. The the amount of interest actually paid. The 1. The must be a Chouse cake po discount ind the face value ne premium