A13-7 Interest Expense On 30 September 20X1, Golf Mania Co. issued $3 million face-value dures. and mature in interest rate of 10% per annum, payable semi-annually on 31 March and 30 Septembe, y's fiscal year 30 September 20X11The bonds were issued at a price to yield 8%. Golf Mania September and the company uses the effective interest method. ue debentures. The bonds have a nominal years, on ends on 30 semi-annually on 31 March and 30 September, and iscal year e mature in 10 Company's f Required: 1. Determine the price at which the bonds were issued. 2. Prepare journal entries to record the issuance of the bonds, payment of interest, and al nd all necessary adjustments for the first two years (i.e., through 30 September 20X3). 3. Compute the amount of unamortized bond premium remaining on 1 October 20X7 ref ecting the effective value of interest method, without preparing an amortization schedule. (Note: the bonds is equal to the present value of the remaining cash flows.) At any point in time, the book 4. Calculate the amount of premium amortization, for the six months ending 31 March 20x8