Provide information for $2$ bond issuance transactions: $1$ where the bonds were sold at a premium; and $1$ where the bonds were sold at a discount.

Make the journal entries for those $2$ transactions.

Fire Protections Inc. issued a $$150,000,5-$year, $8\%$ bond for $$142,500(95\%$ of face value$).$

Fire Protections Inc. issued a $$200,000,4-$year, $9\%$ bond for $$204,000(102\%$ of face value$).$