Question 13 Frankum Company has issued three different bonds during 2017. Interest is payable annually on each of these bonds.

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