Jefferson Company issued $90,000 of 10-year, 5% bonds payable on January 1, 2018. Jefferson Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements. Requirement 1. Journalize Jefferson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Journalize the issuance of the bond payable at face value. Date 2018 Jan. 1 Accounts Debit Credit Requirements 1. Journalize Jefferson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. 2. Journalize Jefferson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 94. Explanations are not required. 3. Journalize Jefferson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 108. Explanations are not required. 4. Which bond price results in the most interest expense for Jefferson Company? Explain in detail. Print Done