Instructions On July 1, 20Y1, Danzer Industries Inc. issued 548,800,000 of 10-year, 9% bonds at a market (etfective Interest rate of 11%,receiving cash of $12.968,258. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the candy Required: 1 Joumalize the entry to record the amount of cash proceeds from the issuance of the bonds on 2011 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 20Y1, and the amortzation of the band discount, using the straight-ine method (Round to the nearest dollar.) b. The interest payment on June 30, 2012, and the motion of the bondscount, using the straight line method (Round to the nearest dolar.) 3. Determine the total interest expense for 20Y1 4. Will the bond proceeds always be less than the face amount of the S. Compute the price of $42.00.250 received for the bonds by using "Refer to the Chart of Accounts for exact wording of