View Policies Current Attempt in Progress Mo's Motor Corp. issued $220,000 of 7.00% 5-year bonds on January 1, 2021. Interest is payable semi-annually. Calculate the issue price of these bonds and indicate if the bonds are selling at face value, a premium or a discount, if the market interest is as follows. (Round answers to 2 decimal places, es 5,276.25.) Price of Bond Bonds are selling at a) 6.00% $ V b) 7.00% $ c) 8.00% S List of Accounts Prepare the journal entries to record the issuance of each bond above (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, eg. 5,276.25.) Debit Credit Date Account Titles and Explanation Jan. 1, 2021 a) Jan. b) 2021 c) Jan. 1, 2021