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need help Clark, Inc, issued $100,000 of 15 -year,...

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Accounting

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Clark, Inc, issued $100,000 of 15 -year, 6 percent bonds payabio on January 1 . Clark, Inci, pays interest each January 1 and July 1 and amorfizes any discount or premium by the straight-line method. Clark, Ino, can issue its bonds payable under vanous conditions: (Click the icon to view the oonditions.) Read the requirements than crediti. Exclude explanations from any joumal entries.) a. Record the issuance of the bonds payoble at par vaiue. a. Issuance at par value b. Issuance at a price of $90,000 when the market rate was above 6 percent c. Issuance at a price of $105,000 when the market rate was below 6 percent 1. Journalize Clark, Inc.'s issuance of the bonds and first semiannual interest payment for each situation. Round calculations to the nearest dollar. Explanations are not required. 2. Which condition results in the most interest expense for Clark, Inc.? Explain in detaii

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