Campbell Inc produces and sells outdoor equipment. On July 1 Year 1 Campbell i c ssued S73900 000 of 10-year, 12% bonds at a market (effeche) interest rale of 10%, recerving cash of S83, 1096 10 Interest on the bonds s payable semiannually on December 31 and calendar year June 30. The fiscal year of the company is the 2 Journalize the entries to record the following a. The first semiannual interest payment on December 31, Year t, and the amovtization of the bond premium, using the straight -ine method (Round to the nearest dolar) b. The interest payment on June 30 Year 2, and the amortization of the bond premium, using the straight-line method (Round to the nearest dollar) 3. Determine the total anterest expense for Year 1 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5 Compute the price of $83, 109,610 received for the bonds by using the fables shown in Present Value Tables (Round to the nearest dollar) Refer to the Chart of Accounts for exact wording of account Check My Work All work saved. Type here to search Campbell Inc produces and sells outdoor equipment. On July 1 Year 1 Campbell i c ssued S73900 000 of 10-year, 12% bonds at a market (effeche) interest rale of 10%, recerving cash of S83, 1096 10 Interest on the bonds s payable semiannually on December 31 and calendar year June 30. The fiscal year of the company is the 2 Journalize the entries to record the following a. The first semiannual interest payment on December 31, Year t, and the amovtization of the bond premium, using the straight -ine method (Round to the nearest dolar) b. The interest payment on June 30 Year 2, and the amortization of the bond premium, using the straight-line method (Round to the nearest dollar) 3. Determine the total anterest expense for Year 1 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5 Compute the price of $83, 109,610 received for the bonds by using the fables shown in Present Value Tables (Round to the nearest dollar) Refer to the Chart of Accounts for exact wording of account Check My Work All work saved. Type here to search