Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective interest amortization method. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round your final answers to the nearest whole dolar) ts (0) Assumption 1. Seven-year bonds payable with face value of $85,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at gnmen mwance. The prosent value of the bonds at lauance is $85,000 Journalize the issuance of the bonds when the market interest rate is 14%