Peaches Company issues a one-year bond with a face value of $2,500 and a stated interest rate of 8% Prepare the journal entries for each of the following situations. You will have two journal entries for each situation: the issue of the bond and the maturity of the bond. YOU MUSTI SHOW ALL COMPUTATIONS. Your answer should have SIX journal entries - two for each situation per above. Situation #1: The bond sells at 100. Situation #2: The bond sells at 97. Situation #1: The bonds sells at 102. Essay Toolbar navigation B I S E 3 1 1 - A - A situation 1 a. cash (debit) 2500 bonds payable (credit) 2500 b. Interest expense (debit) 100