please answer in the same format as a previous expert in the image i also included . PLEASE ALSO ADD the calculations inside the format thank you . Answer requirement 2,3&4
Requirements 1. Journalize Clark 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 Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 96 . Explanations are not required. 3. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 109. Explanations are not required. 4. Which bond price results in the most interest expense for Clark Company? Explain in detail. mhelhod, The compary can cssue its bonds payable under vatious conditions. Pead the owickitents Joumalize the issunce of the bond paracie at face valie Journalize the payment of semiannual interest when the bonds are issued at face value. Clark Company issued $90,000 of 10 -year, 8% bonds payable on January 1,2024 . Clark Company pays in Requirement 2. Journalize Clark Company's Issuance of the bonds and tirst semiannual interest payment assuming the bonds were issued at 96 . Explanations are not required. (Record debits first, then credits. Exc explanations from any journal entries.) Journalize the issuance of the bond payable at 96 . https:/Www.chegg.com/homework-help/questions-and-answers/clark-comp \begin{tabular}{|l|l|l|r|r|} \hline requirement 3 & date & account titles and explanation & debit & \multicolumn{1}{|c|}{ credit } \\ \hline & 1.Jan-18bondspayablepremiumonbondspayablecash & $85,600 & \\ & 01-Jul-18interestexpensepremiumonbondspayablecash & $2,520 & \\ & & $280 & \\ & & & $5,600 \\ \hline \end{tabular} the bond price in requirement 2 i.e. bond price of $90 results in the most interest expense for Clark Company. This is because when bonds are requirement 4 issued at discount, then the amortization of discount shall be done in every interest period. The amortization of discount increases the interest