Hunt Enterprises had the following transactions relating to some bonds payable:

January 1: Issued $100,000 face value 5- year bonds for $100,000. The stated rate of interest is 5% and interest is paid annually. (Bond A).

January 1: Issued $100,000 face value 5-year bonds for $98,000. The stated rate of interest is 4.50% and interest is paid annually. (Bond B).

January 1: Issued $100,000 face value, 5-year bonds for $103,000. The stated rate of interest is 5.00% and interest is pai annually. (Bond C)

Required

Prepare the journal entries to record the issuance of all three bonds on January 1

Prepare the journal entries to record the payment of interest for all three bonds on December 31.