5. Compute the price of $33,546,022 received for the bonds by using the fables shown in Present Value Tables. Round to the nearest dollar. Present value of the face amount Present value of the semsannual interest payments S Price received for the bonds $ 15,951,628 Prefont Value Tablas requeements Bond Premium, Entries for flonds Payable Transactions Bond Premium, Entries for Bonds Payable Transactions Present Value Tables \$33,546,022. Interest on the bonds is payable semiannualy on December 31 and June 30 . The fiscal year of the conpany is the calendar year Required: 1 doumalze the entry to record the amount of cosh proceeds from the issuance of me bonds on thy t, Year f. 2. Joumalize the entries to record the following " Round to the nearest dollar. D. The intereat payment on dwie 30 . Year 2 , and the amortizabion of the bond premum, usurg the straghf-tine method. Round re the nearest. dollar, 3. Determine the total interest expense for Year 1 4 Wh the bond proceeds always be greater than the foce amownt of the boncs when the contract rate is groaler thum the marhet rate of interear? 5. Compute the price of $33,546, 072 recenved for the bonds by using bee labies shown in Present Value Tables. Round to the nearest dolfar: "Refer to the chart of accounts for the exact wording of the account thes. CNOW pumats do not use fnes for joumal explanations. Every ine