A.) NEM Corporation 5 year $500,000 bond with 9% interest is issued on January 1 2023. It sells for 102. Interest will be paid to bondholders annually

A1.) What is the entry for NEM Corporation on January 1?

A2.) At issuance how would the long term liabilities be presented on the balance sheet?

A3.) What is the total cost of borrowing over the life of the bond? Ignore Present values

B.) Assume NEMs year end is December 31 2023. What is the corporation entries at December 31 2023? Assume a straight line amortization (there are 2 entries)

B1.) What is the total interest on this bond for the year ended December 31 2023:

B2.) What is the balance sheet presentation of Long Term Liabilities at December 31 2023:

B3.) What is NEM entry on January 1 2024

B4.) If the bonds are redeemed on January 1 2024 for 101 what are the entries?

B5.) If the bonds are redeemed on January 1 2024 for 96 what are the entries?