Bond Premium, Entries for Bonds Payable Transactions, Interest Method of Amortizing Bond Premium Rodgers Corporation produces and sells football equipment. On suy 1, 20Y1, Rodgers swed 395,000,000 of 20 year, 14% donds at a market (effective) interest rate of 12%, receiving cash of $109,270,900. Interest on the bonds is payable semiannually on December 31 and June 30. The focal year of the company as the calendar year Required: For all journal entries, if an amount box does not require an entry, leave it blank 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds 2071 July 1 Cash 10.17 Premium on Bonds Payable 142.00 Bonds Payable 5.000.000 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 2011, and the amortization of the bord premium, using the interest methos, Round to the nearest cota 2011 Dec. 31 Interest Expense Premium on Bonds Payable Interest Payable x lll 110 X b. The interest payment on June 30, 2012, and the amortization of the bond premium, using the interest retro round as the rest o 2012 June 20 Interest Payable x Interest Payable x Interest Expense x 3. Determine the total interest expense for 2011. Round to the nearest dotar