write my assignment 1174

Question 13

Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds.

1.

On January 1, 2017, 1,300, 6%, 5-year, $1,000 bonds dated January 1, 2017, were issued at face value.2.

On July 1, $799,000, 7%, 5-year bonds dated July 1, 2017, were issued at 101.3.

On September 1, $357,000, 5%, 5-year bonds dated September 1, 2017, were issued at 99.

Prepare the journal entries to record each bond transaction at the date of issuance.

please solution with explanation because i don’t understand what diffrent between face value or premium and with discount