Campbell, Inc produces and sets outdoor equipment. On July 1, 2011 Campbell noved $30,000,000 of 10 year to borde at a market (effective interest rate of receg ch of 395,170 Interest on the bonds is payable seanualy on December 31 and June 30 The focal year of the company is the calendar year Required 1 Jourrure the entry to record the mount of cash proceeds from the stance of the bonds 2 Journalize the entries to record the following a The first semiareal interest payment on December 31, ZOYT, and the manuation of the bond premium are the best method (round to the nearest doller) . The interest payment on June 30, 2012, and the unicornication of the bond primum, ung the interent method (Rond ho me mwen 3. Determine the ownerst expense for 20Y1 "Refer to the Chart of Accounts for en wording of account to Chart of Accounts CHART OF ACCOUNTS Campbell, Inc General Ledger Previous Next General Ledger REVENUE ASSETS 410 Sales 110 Cash 610 Interest Revenue 611 Gain on Redemption of Bonds EXPENSES 510 Cost of Merchandise Sold 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Receivable 127 Notes Receivable 131 Merchandise Inventory 141 Office Supplies 142 Store Supplies 151 Prepaid Insurance 515 Credit Card Expense 516 Cash Short and Over 521 Sales Salaries Expense 191 Land 522 Office Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 535 Rent Expense 536 Insurance Expense LIABILITIES 210 Accounts Payable 537 Office Supplies Expense 538 Store Supplies Expense LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 562 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid In Capital in Excess of Par-Preferred Stock 331 Paid In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends JOURNAL DATE DESCRIPTION POST. DERIT CREDIT ACT ASSETS BUITIES ETY TO JOUL ACTANTRICATION ASSETS BOUNTY DATE DESTION CH POSER JOURNAL MANTIC CHADO DATE DESCRIPTION POSTRES DET CREDIT 1 Final Question 3. Determine the total interest expense for 2011 S