payable under various conditions: Columbus, Inc., issued $480,000 of 4-year, 6 percent bonds payable on January 1. Columbus, Inc., pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method. Columbus, Inc., ca (Click the icon to view the conditions.) Read the requirements. Requirement 1. Journalize Columbus's issuance of the bonds and first semiannual interest payment for each situation. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entri a. Record the issuance of the bonds payable at par value. Date Jan 1 Journal Entry Accounts Debit Credit Accounts payable a. Record the e issued at par. Bonds payable Jul Date Debit Credit Cash 1 Discount on bonds payable Interest expense Premium on bonds payable More info a. Issuance at par value b. Issuance at a price of $425,000 when the market rate was above 6 percent c. Issuance at a price of $510,000 when the market rate was below 6 percent Print Done - Time Remaining: 01:53:54 a. Record the payment of semiannual interest when the bonds are issued at par. Date Jul 1 Journal Entry Accounts Debit Credit b. Record the issuance at a price of $425,000 when the market rate was above 6 percent. Journal Entry Date Jan 1 Accounts Debit Credit b. Record the payment of semiannual interest when the bonds are issued at a price of $425,000 and the market rate was above 6 percent. (Round to the nearest whole number.) Journal Entry Date Jul 1 Accounts Debit Credit c. Record the issuance at a price of $510,000 when the market rate was below 6 percent. Journal Entry Date Jan 1 Accounts Debit Credit c. Record the payment of semiannual interest when the bonds are issued at a price of $510,000 when the market rate was below 6 percent. (Round to the nearest whole number.) Journal Entry Date Jul 1 Accounts Debit Credit Requirement 2. Which condition results in the most interest expense for Columbus, Inc.? Explain in detail. The results in the most interest expense. The reason for this is because Columbus