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Ciark Company issued $110,900 of 10 -year, 7% bonds payable on January 1. 2024. Clank...

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Accounting

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Ciark Company issued $110,900 of 10 -year, 7% bonds payable on January 1. 2024. Clank Company pays inserest each January 1 and Jly 1 and amortizes discount or pramuam by the straight-ine amortization method. The company can issue its bonds payable under vanoes conditions Read the requirestinsts Requirement 1. Journalize Clark Coropany's issuance of the bonds and first semiannua interest parymont assuming fine bonds were issued at face visisa Explanations are not tequired iRacord debiss first, then credits. Exclude explanations from any journal entres.) Requirements 1. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. 2. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 91 . Explanations are not required. 3. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 103 . Explanations are not required. 4. Which bond price results in the most interest expense for Clark Company? Explain in detail

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