On January 1, 2016. X Co. issued $600,000 of its 5%. 5 year bonds payable Interest is payable annually on December 31. 2016. Assuming that the bonds were issued at par value, prepare the journal entry to record the issuance of the bonds. Assuming that the bonds were issued at par value, prepare the journal entry to record the payment of the interest on December 31, 2016 through 2020. Assuming that the bonds were issued at par value, prepare the journal entry to record the retirement of the bonds at maturity. Assuming that the bonds were issued at par value, determine the total amount of interest paid over the 5 year life of the bonds. Assuming that the bonds were issued at par value, determine the total amount of interest expense over the 5 year life of the bonds. Assuming that the bonds were issued at 98. prepare the journal entry to record the issuance of the bonds. Assuming that the bonds were issued at 98. prepare the journal entry to record the payment of the interest on December 31. 2016 through 2020. Assuming that the bonds were issued at 98. prepare the journal entry to record the retirement of the bonds at maturity. Assuming that the bonds were issued at 98, determine the total amount of interest paid over the 5 year life of the bonds. Assuming that the bonds were issued at 98. determine the total amount of interest expense over the 5 year life of the bonds. Assuming that the bonds were issued at 103. prepare the journal entry to record the issuance of the bonds. Assuming that the bonds were issued at 103, prepare the journal entry to record the payment of the interest on December 31. 2016 through 2020. Assuming that the bonds were issued at 103. prepare the journal entry to record the retirement of the bonds at maturity. Assuming that the bonds were issued at 103, determine the total amount of interest paid over the 5 year life of the bonds. Assuming that the bonds were issued at 103, determine the total amount of interest expense over the 5 year life of the bonds