the Bradford Company issued 10% bonds, dated January 1, with a face amount of $89 on January 1, 2016. the Bonds mature on December 31st 2025. for bonds of similar risk and maturity, the market yield is 12%. interest is paid semi-annually on June 30th and December 31st.

1. determine the price of the bonds at January 1st 2016 2. prepare the journal entry to record the issuance by The Bradford Company on January 1st 2016 3. prepare the journal entry to record interest on June 30th 2016 at the effective rate 4. prepare the journal entry to record interest on December 31st 2016 at the effective rate