This is question 1)Halloway Company has issued three different bonds during 2011

This is question 1)Halloway Company has issued three different bonds during 2011. Interest is payablesemiannually on each of these bonds.1.On January 1 2011 1000 8% 5-year $1000 bonds dated January 1 2011 were issued at facevalue.2.On July 1 $800000 9% 5-year bonds dated July 1 2011 were issued at 102.3.On September 1 $200000 7% 5-year bonds dated September 1 2011 were issued at 98.Prepare the journal entry to record each bond transaction at the date of issuance.This is question 2)The balance sheet for Lemay Company reports the following information on July 12011.Long-term liabilitiesBonds payable $1000000Less: Discount on bonds payable 60000 $940000Lemay decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journalentry to record the redemption on July 1 2011.