Having trouble with finishing this Question. This is as far as I have gotten. A step-by-step demonstration would be greatly appreciated. The numbers marked in the red were my last answers which were incorrect. Thank you.

Journal entry worksheet Record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 101 . Note: Enter debits before credits. On September 1, 2021, Evansville Lumber Company issued $80 million in 20 -year, 10 percent bonds payable. Interest is payable emiannually on March 1 and September 1. Bond discounts and premiums are amortized at each interest payment date and at yearend. The company's fiscal year ends at December 31. Required: -1. Prepare the necessary adjusting entries at December 31, 2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 98. -2. Prepare the necessary adjusting entries at December 31, 2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 101. . Compute the net bond liability at December 31, 2022, under assumptions a-1 and a-2 above. : Under which of the following assumptions would the investor's effective rate of interest be higher? - The bonds were issued at 98 . 2. The bonds were issued at 101. Compute the net bond liability at December 31, 2022, under assumptions a-1 and a-2 above. (Round intermediate calculations and final answers to the nearest dollar amount. Enter you answers in dollars not millions.) Prepare the necessary adjusting entries at December 31,2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 98. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount. Enter you answers in dollars not millions.) Journal entry worksheet Record the accrual of bond interest expense for four months in 2021. Note: Enter debits before credits