Georges Inc. is considering issuing bonds to finance the acquisition of a nationwide chain of distributors of George's products. George's is contemplating two different types of bonds to raise the required $90 million purchase price. The first is a traditional 10-year, 14% bond with semiannual interest payments. The second is a 10-year, zero-coupon bond. Assuming the market rate of interest is 14%, compute the face value of the bond issuance and make the journal entries necessary to record the issuance if (a) a traditional bond is issued and (b) a zero-coupon bond is issued. Issuance and Reacquisition of Bonds On January 1, 2014, Housen Company issued 10-year bonds of $500,000 at 102. Interest is payable or January 1 and July 1 at 10%. On April 1, 2015, Housen Company reacquires and retires 50 of its own $1,000 bonds at 98 plus accrued interest. The fiscal period for Housen Company is the calendar year Prepare entries to record (1) the issuance of the bonds, (2) the interest payments and adjustments relating to the debt in 2014, (3) the reacquisition and retirement of bonds in 2015, and (4) the interest pay- ments and adjustments relating to the debt in 2015. Assume the premium or discount is amortized on a straight-line basis. (Note: Round to the nearest dollar.)