Journalize issuance of the bond and the first semiannual interest payment under each of the following three

Question:

Journalize issuance of the bond and the first semiannual interest payment under each of the following three assumptions. The company amortizes bond premium and discount by the effective-interest amortization method. Explanations are not required.
Requirement
1. Ten-year bonds payable with of $86,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. The present value of the bonds at issuance is $86,000.
2. Same bonds payable as in assumption 1, but the market interest rate is 16%. The present value of the bonds at issuance is $77,594.
3. Same bonds payable as in assumption 1, but the market interest rate is 8%. The present value of the bonds at issuance is $121,028. Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...