Dimensional Media Inc. has a December 31 year-end. It showed the following partial amortization schedules regarding its two bond issues:
Bond Issue 1

Bond Issue 2

Required
Answer the following for each bond issue:
a. Were the bonds issued at a premium and/or discount?
b. Journalize the issuance of bond issue 1 and 2 on September 1, 2015, and May 1, 2014, respectively.
c. What is the contract interest rate for each bond issue?
d. What was the market interest rate at issuance for each bond?
e. Interest of how much is paid how often for each bond issue?
f. What is the term of each bond issue?
g. Show how each of the bonds would appear on the balance sheet at December 31, 2019.
h. Calculate the total bond interest expense that would appear on the income statement for the year ended December 31, 2020.
i. Independent of (a) through (h), assumes both bond issues were retired on December 1, 2019, at 101. Record theentries.

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Cash Interest Pald Perlod Interest Expense Unamortized Carrying Period Ending Amortization Balance Value $26,571 25,477 $623,429 624,523 Dec. 1/15. S 11,3745 S 12,469 S 1,094 Dec. 1/19. Mar. 1/20. June 1/20.. 11,375 11,375 11,375 11,375 $227,500 12,876 12,906 12,937 12,967* $254,071 1,501 1,531 1,562 1,592 $26,571 4,685 3,154 1,592 -0 645,315 646,846 648,408 650,000 Cash Interest Pald Period Interest Expense Unamortized Carrying Period Ending May 1/14. May 1/1 Amortization Balance Value S 42,900 42,900 $ 42,040 41,995 S 860 905 $20,763 19,903 18,998 $800,763 799,903 798,998 42,900 42,900 42,900 42,900 42,900 42,900 $686,400 41,465 41,390 41,311 41,227 41,140 41,048* $665,637 1,435 1,510 1,589 1,673 1,760 1,852 $20,763 8,384 6,874 5,285 3,612 1,852 -0 788,384 786,874 785,285 783,612 781,852 780,000 May 1/20 Nov. 1/20 May 1/21. May 1/22