could you explain for part b, why is there firsr interest and second interest?

and why in ii it's + and in iii it's -

Determine the carrying amount these bonds would be reported at on the company's statement of financial position at July 31, 2001 Ignore year-end accruals of interest AP10-10A (Amount of bond issuance and journal entries at various yields) Can-Ed University, which is owned by a group of Canadian universities and colleges, issued bonds to finance the construction of an over campus in China. Can-Ed issued 6%20-year bonds with a face value of $100 million. The bonds will pay interest semi-ammually Required a. Calculate the amount of cash Can-Ed will receive if the bonds are sold at a yield rate of i. 6% (issued at par) ii. 6.5% (issued at 94-448) iii. 5.5% (issued at 106.02) b. Prepare the journal entry Can-Ed would record at the time of the issuance of the bonds under each of the alternativ yields. Also prepare the journal entries to record the interest expertise for the first two periods under each alternative. Tore year and rule of internet . blutions ch 10 Protected View - Saved to this PC Search (Alt+Q3 out References Mailings Review View Help = $106,020,000 b. i. Cash Notes Payable 100,000,000 100,000,000 Cash interest paid semi-annually: $100,000,000 X 6% X 6/12 = $3,000,000 First interest: Interest Expense Cash 3,000,000 3,000,000 I I Second interest: Interest Expense Cash 3,000,000 3,000,000 94,448,000 ii. Cash Notes Payable 94,448,000 D. FOCUS 3,071,821 Second interest: Interest Expense 2 Cash Notes Payable 3,000,000 71,821 2Interest expense: ($94,448,000 + $69,560) x 6.5% x 6/12 = $3,071,821 iii. Cash 106,020,000 106,020,000 Notes Payable First interest: Interest Expense Notes Payable Cash 2,915,550 84,450 3,000,000 Interest expense: $106,020,000 x 5.5% x 6/12 = $2,915,550 I Second interest: Interest Expense Notes Payable Cash 2,913,228 86,772 3,000,000 Interest expense: ($106,020,000 - $84,450) x 5.5% x 6/12 = $2,913,228