Can you explain everything in details and solve it
ise the stated poce) ) The rarket intorest rate at the date of issuance was 65 , and the standard bonds pay inkrest semi annualy Beadinutequinents. Requirement 1 . Prepare an eflectwe inderest amorteation table for the bonds through fie first three interest payments (Round your anseers to the nearest whole dollar) Suereme Authearts Sant by recording the issuance of bonds an January 31,201 (Record debits first, then credits. Exclude explanations from journal entries) Amount of cash Supreme Autoparts berrowed on January 31, 201 : Amount of cash supreme Auteparts will pary bock on January 31, 206 : Ambunt of eash tupreme Auteparts borrowed on January 31, 201 : Amount af sath supreme Autoparts wit pay back on January 31, 20x6: Fequirement 4. Hins inuch cash inderest will Sugreme Aufoparts pay each sx montes? interest expense Supreme Autoparts wilt report on July 21, 20X1: interest expenae Supreme Autoparts will report on January 31,202 : Why does ifve amcunt of interost expense incmase each pesod? incest reverse increases becaves the as the bonds move toward matuify, and the must be anvortared over the ine of the bond. The carytig amount proboces amount of interest experse each peviod Required 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Supreme's issuance of the bonds on January 31,201, and payment of the first semi-annual interest amount and amortization of the bonds on July 31,201. Explanations are not required. 3. How much cash did Supreme Autoparts borrow on January 31,201 ? How much cash will Supreme Autoparts pay back at maturity on January 31,206 ? 4. How much cash interest will Supreme Autoparts pay each six months? 5. How much interest expense will Supreme Autoparts report on July 31,201, and on January 31,202 ? Why does the amount of interest expense increase each period? Explain in detail