help me review ch.10 ws

6 that pays interest semiannually on June The market 1. Johnson Company issued 7 year bonds dated January 1, 201 30 and December 31 . The bonds have a $500,000 par value, an annual contract rate of 6%. interest rate on the issue date was 4%. A. Calculate the bond issue price $60 B. write the journal entry to record the issuance of the bond C. Johnson uses straight line amortization of bond discount or bond premium. Calculate the first semi- annual interest payment D. Calculate the interest expense to be recorded for the first semi-annual interest payment. E. Write the journal entry to record the first semi-annual interest paymert F. What is the interest expense to be recorded with the 3"* semi-annual interest payment? 2. On January 1,2019, after the 4 interest payment,the unamortized premium on Johnson Company's bond was $43,245. On that date the Company retired the bonds by buying them on the open market at 102. A. What is the gain or loss on this retirement? B. Write the journal entry to record the retirement of the bonds is seme as exerything above, except the market interest rate on January 1, 2016 when the bonds were issued was 8%. $ 4 47, 1%.50 A. Calculate the bond issue price B. write the journal entry to record the issuance of the bond C. Johnson uses straight line amortization of bond discount or bond premium. Calculate the first semi- annual interest payment D. Calculate the interest expense to be recorded for the first semi-annual interest payment. E. Write the journal entry to record the first semi-annual interest payment F. What is the interest expense to be recorded with the 3"d semi-annual interest payment? 4. On January 1, 2019, after the 4th interest payment, the unamortized discount on Johnson Company's bond was $41,488.46. On that date the Company retired the bonds by buying them on the open market at 102. A. What is the gain or loss on this retirement? B. write the journal entry to record the retirement of the bonds