VALUING AND RECORDING BONDS AT PAR, A PREMIUM, and DISCOUNT Prepare journal entries to record the transactions. Ref. (a) On December 31, Johnson Controls, Inc. issued bonds with a $800,000 face value, and a 6% stated interest rate. The bonds mature in 10 years and pay interest every December 31. The market interest rate when the bonds were issued was 6%. Were the bondsissued at a discount, premium, or at par? Prepare the journal entry to record the first coupon payment on December 31, 2021. (b) On December 31, Johnson Controls, inc. issued bonds with a $800,000 face value, and a 6% stated interest rate. The bonds mature in 10 years and pay interest every December 31 . The market interest rate when the bonds were issued was 7%. Were the bonds issued at a discount, premium, or at par? Prepare the journal entry to record the first coupon payment on December 31, 2021. (c) On December 31, Johnson Controls, inc, issued bondswith a $800,000 facevalue, and a 6% stated interest rate. The bonds mature in 10 years and pay interest every December 31 . The market interest rate when the bonds were issued was 5%. Were the bonds issued at a discount, premium, or at par? Prepare the journal entry to record the first coupon payment on December 31, 2021