Exercise 9-66 (Algorithmic) Issuing at Par, a Premium, or a Discount Kartel is planning to issue 460 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. Cash Bonds Payable Record issuance of bonds at par 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. Cash Record issuance of bonds at premium 000 1001 100 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. 110 Record issuance of bonds at discount 4. Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest (yield) highest? The bonds sell at Exercise 9-66 (Algorithmic) Issuing at Par, a Premium, or a Discount Kartel is planning to issue 460 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. Cash Bonds Payable Record issuance of bonds at par 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. Cash Record issuance of bonds at premium 000 1001 100 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. 110 Record issuance of bonds at discount 4. Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest (yield) highest? The bonds sell at