Virginia Vista Company has 8%, 10-year bonds payable that mature on June 30, 2028. The bonds are issued on June 30, 2018, and Virginia Vista Read the requirements. Requirement 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 6%? If If the market interest rate is 6%, the bonds will be issued at a premium If the market interest rate is 9%, the bonds will be issued at a discount Requirement 2. Virginia Vista issued $800,000 of the bonds at 87.5. Round all calculations to the nearest dollar. a. Record issuance of the bonds on June 30, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry. Round Accounts and Explanation Debit Credit 2018 (a) Jun 30 Cash 700000 Discount on Bonds Payable 100000 Bonds Payable 800000 Dato Issued bonds at a discount b. Record the payment of interest and amortization of the discount on December 31, 2018. Use the straight-line amortization method. (Record debits Date Accounts and Explanation Debit Credit 2018 - Requirements 1. Will the bonds be issued at face value, at a premium, or at a discount if the market interest rate on the date of issuance is 6%? If the market interest rate is 9%? 2. Virginia Vista issued $800,000 of the bonds at 87.5. Round all calculations to the nearest dollar. a. Record issuance of the bonds on June 30, 2018. b. Record the payment of interest and amortization of the discount on December 31, 2018 Use the straight-line amortization method. C. Compute the bonds' carrying amount at December 31, 2018, d. Record the payment of interest and amortization of discount on June 30, 2019. Print Done he last line of the journal entry. Round your answers to the nearest whole dollar.) b. Record the payment of Interest and amortization of the discount on December 31, 2018. Use the straight-line amortization method. (Record debits first, then credits Date Debit Credit Accounts and Explanation 2018 (b) Dec 31 Interest Expense Discount on Bonds Payable Cash Paid semiannual interest and amortized discount (s. Compute the bonde carrying amount at December 31, 2018. (Enter all amounts to the nearest whole dollar) Carrying amount of December 31, 2018 Long-term Liabilities Bonds Payable Less Diocount on Bonds Payable d. Record the payment of interest and amortization of discount on June 30, 2018. (Record debits first, then credito. Select explanations on the last line of the journal entry Date Accounts and Explanation Debit Credit 2019 Jun 30 Interest Exporno Discount on Bonds Payable Cash Padmaniere and amortized discount Choose from any list of enter any number in the mout