Lincoln Company issued $40,000 of 10-year, 6% bonds payable on January 1, 2018. Lincoln 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 Lincoln 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. - Requirements X Date Accounts Debit Credit 2018 Jan. 1 1. Journalize Lincoln 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 Lincoln Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 94. Explanations are not required. 3. Journalize Lincoln Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 103. Explanations are not required. 4. Which bond price results in the most interest expense for Lincoln Company? Explain in detail. Choose from any list or enter any number in the input fields and then click Check