Requirement 1. Journalize Jefferson'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 a. Record the suance of the bonds payable at par value. Date Credit Journal Entry Accounts Cash Bonds payabile Debit 270,000 - X Jan 1 Requirements 270.000 1. Joumalze Jefferson, Inc.'s issuance of the bonds and flest semiannual interest payment for each shuation Round calculations to the nearest dollar. Explanations are not required 2. Which condition results in the most interest expense for Jefferson, Inc.? Explain in detail Record the payment of semiannual interest when the bonds are issued at par. Journal Entry Date Accounts Debit Jul 1 Interest expense 10.800 Cash Print Done Credit 10 800 b. Record the issuance at a price of $210.000 when the market rate was above 8 percent Journal Entry Accounts Date Credit 1 Debit 210.000 60.000 Discount on bonds payable Bonds payable 270.000 Choose from any list or enter any number in the input fields and then click Check