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Campbeli, inc. produces and sells ouddooc equpment. On July 1, 20Y1. Campbel issued 540,000,000 of 10-year, 10%, bonds at a market (eflective) intereat rate of

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Campbeli, inc. produces and sells ouddooc equpment. On July 1, 20Y1. Campbel issued 540,000,000 of 10-year, 10\%, bonds at a market (eflective) intereat rate of 9%, receiving cash of 542.601,460 inlerest on the bonds is payabie semianmyally on December 31 and sune 30 . The fiscal year of the company is the catendar year Required: 1. Joumblize the entry to fecord the amount of cash proceeds thom the issuance of the bonds 2. voumsice the entrics to record the folloiving a. The first semanival interest paynent an December 3+20y, and me squotirator of the bond pememum, uting the inteitst method b. The interest payment on June Jo. 20r2, and the arnoricaton of the bond pesmuin, using the interest method 3. Determane the folat interest expense for 2oyt, 3. Determine the total interest expense for 20Y1

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