Homework: Homework - Chapter 09 Save 2 of 4 (1 complete) HW Score: 25%, 2 of 8 pts Score: 0 of 2 pts E9-23A (similar to) Question Help Barret, Inc., issued $350,000 of 5 year, 5 percent bonds payable on January 1. Barret, Inc., pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method. Barret, Inc., can issue its bonds payable under various conditions: (Click the icon to view the conditions.) Read the requirements. Requirement 1. Joumalize Barret's issuance of the bonds and first semiannual interest payment for each situation. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Record the issuance of the bonds payable at par value. More Info Joumal Entry Accounts Date Debit Credit Jan 1 a. Issuance at per value b. Issuance at a price of $275,000 when the market rate was above 5 percent c. Issuance at a price of $430,000 when the market rate was below 5 percent Print Done i Requirements 1. Joumalize Barret, Inc.'s issuance of the bonds and first semiannual interest payment for each situation. Round calculations to the nearest dollar. Explanations are not required. 2. Which condition results in the most interest expense for Barret, Inc.7 Explain in detail. Print Done