Give the accounting entries for each of the following different scenarios.

1. On January 1, the company issued 10-year bonds with the following data: $100,000 at 8%. The first semi-annual interest was paid on July 1. An adjusting entry was made on December 31 for the semi-annual interest to be paid on January 1.

2. On January 1, the company issued 10-year bonds with the following data: $100,000 at 8%. However, the effective rate of interest was 10%. Thus, the bonds sold at a total discount of $12,462.

3. On January 1, the company issued 10-year bonds with the following data: $100,000 at 8%. The effective interest rate for bonds of similar quality and maturity is 7%. Thus, the bonds sold at the total premium of $$7,106.