the following three bonds payable assumptions: lick the icon to view the bond assumptions.) More info 1. Ten-year bonds payable with face value of $90,000 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 $90,000 2. Same bonds payable as in assumption 1 , but the market interest rate is 16%. The present value of the bonds at issuance is $63,531. 3. Same bonds payable as in assumption 1 , but the market interest rate is 8%. The present value of the bonds at issuance is $102,195. Review the following three bonds payable assumptions: (1) (Click the icon to view the bond assumptions.) Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptons. Tho company amortizes bond premiurn and diccount by the effective-interest amortization method. Explanations are not required. (Recocd debits first then credis. Exclude explanations from any journal entries. Round your foal answonx io ifi: nearest whole dollar.) Assumption 1. Ten-year bonds payable with face value of 590,000 and stated interest fate of 10%. paid semiannualy. The manket rate of interest is 70% at issuance. The pinoent value of the bonds at issuance is 590,000 . Journalize the issuance of the bonds when the market interest rate is 10%