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Datil, Inc., issued S150,000 of 5year, 8 percent bonds payable on January 1. Datil, Inc., pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method. Dat under various conditions: Inc., can issue its bonds payable (Click the icon to view the conditions.) Read the requirements Requirement 1. Journalize Datil'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 Journal Entry Date Accounts Debit Credit Jan 1 a. b. c. Issuance at par value Issuance at a price of $110,000 when the market rate was above 8 percent Issuance at a price of $160,000 when the market rate was below 8 percent Requirements 1. Journalize Datil, Inc.'s issuance of the bonds and first semiannual interest payment for each situation. Round calculations to the nearest dollar, Explanations are not required. Which condition results in the most interest expense for Datil, Inc.? Explain in detail. 2. Choose from any list or enter any number in the input fields and then click Check Answer. Print Done heck