For this question, on parts b and d, I am having trouble with the fact that the interest payments are made biannually. For part b, would the interest expense simply be divided by 2 to equal $3,253, and then would the payment be divided by 2 to equal $4,000?

Along those same lines for part d, would the present value be PV= ($100,000, 9 periods, 3%)?

(2) Tincup Corp. issued 100 ve-year bonds on July 1, 2015. The interest payments are due semiannually (Jan 1 and July 1) at an annual rate of 8 percent. The effective interest rate on the bonds is 6 percent. The face value of each bond is $1,000. a. Prepare the journal entry that would be recorded on July 1, 2015, when the bonds are issued. b. Prepare the journal entry that would be recorded on December 31, 2015. c. Compute the balance sheet value of the bond liability of December 31, 2015 d. What is the present value of the bend's remaining cash ows as of December 31, 2015 using the effective interest rate