Review the following three bonds payable assumptions: 2.) (Click the icon to view the bopd assumptions.) Joumalize issuance of the bond and the first semiannual interest payment under each of the throe assumptione. The campeny amortizns bond premium and discount by the effective-interest amortization method. Explasations aro not fequired. (Rocord debits first, ihan cmodics Exefude. explanations from any journal entries. Round your final answers to the nearest whole dollar.) Assumption 1. Seven-year bonds payable with face value of $87,000 and statod interost rate of 12%, paid semiannualy. The mankit rate of interest is 12% at issuance. The present value of the bonds at issuance is 597,000 . Laiumaliwa tha insuance of th bonds when the market interest rate is 12%