Review the following three bonds payable assumptions: (Click the icon to view the bond assumptions.) Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective interest amortization method. Explanations are not required. (Record debits first, then credits. Exclude explanations from any ouma entries Round your final newers to the nearest whole dollar) . The presented Assumption 1. Ten year bonds payable with face value of $84.000 and stated terest rate of 10% paid semiannually. The market rate of interesa 10% the bonds at issuance is $84,000 Joumalize the issuance of the bonds when the market interest rate is 10% Date Accounts Debit Credit Choose from any list of enter any number in the input fields and then click Check Answer yable assumptions: assumptions.) the f od. EX 0 More Info wable s whe 1. Ten-year bonds payable with face value of $84,000 and stated interest rate of 10%, paid semiannually. The market rate of interest is 10% at issuance. The present value of the bonds at issuance is $84,000. Same bonds payable as in assumption 1, but the market interest rate is 12%. The present value of the bonds at issuance is $74,382. 3. Same bonds payable as in assumption 1, but the market interest rate is 8%. The present value of the bonds at issuance is $95,382. cour Print Done number in the input fields and then click Check Answer. Clear All