issuing at par, a premium, or a discount kartel is planning to issue 790 bonds, each having a face amount of $1,000.
Required:
1. Prepare the journal entry to record the sale of the bonds at par.
2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000
3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000