good afternoon,

I need help with my homework. I need to show complete work and it can not be use in excel. you must show calculations at how you arrive at each number. I have attached the paper i am unable to flip it so I will rewrite the question.

on January 1, 2016, Camsung issued $400,000 of its 8% bonds for $331,366. the bonds were priced to yield 10%. Interest is payable semi-annually on June 30 and Dec 31. Camsung records interest atthe effective rate and elected the option to report these bonds at their face value. On Dec 31,2016 the fair value of the bonds was $335,000, with $1,400 of the change due to a change in general interest rates. the market value of the bonds was determined by the bonds market value on the NYSE.

Requirements

1.prepare journal entry to record interest on June 30,2016

2.prepare journal entry to record interest on December 31,2016

3.prepare the journal entry to adjust the bonds to their fair value for presentation in the December 31,2016, balance sheet.

please I need to show complete work

thank you