Jimmy Company issued a $100,000 dollar bond paying interest annually. The interest rate payable is 6% and the market rate is 8%. The bond is for 5 years. 1) What is the price of the bond and please make the correct journal entry to record the sale of the bond. 2) Now use the effective interest rate (page 14-10) to amortize the discount or premium and then make the interest payment journal entry in year one and two