I need help with this two problems;

Problem#1

1) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

• if the market interest is 9%, the bondswill issue at $544,795. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.

Date General journal Debit Credit

1) Jan 1, 2021.

2) June 30,2021

3) December31, 2021

problem#2

2)Coney Island Entertainment issues $1,300,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

• The market interest rate is 8% and the bonds issue at a discount.(FV of $1,PV of $1,FVA of $1, andPVA of $1)(Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.)

Issue price:

DATE CASH PAID INTEREST CHANGE IN CARRYING VALUE CARRYING VALUE

1/1/2021

6/30/2021

12/31/2021

THANK YOU!!!