just need help with problem 11-15

Appendix 1 EX 11-13 Present value of bonds payable; premium Moss Co. issued $42,000,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable using the present value tables in Exhibits 5 and 7. Round to the nearest dollar. b. $3,923,959 Appendix 2 EX 11-14 Amortize discount by interest method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations, Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9% resulting in Ebert receiving cash of $43.495,895. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. 2. First semiannual interest payment, including amortization of discount, Round to the nearest dollar. 3. Second semiannual interest payment, including amortization of discount. Round to the near est dollar. b. Compute the amount of the bond interest expense for the first year. c. Explain why the company was able to issue the bonds for only $43,495,895 rather than for the face amount of $50,000,000. b. $2,586,545 Appendix 2 EX 11-15 Amortize premium by interest method Shunda Corporation wholesales parts to appliance manufacturers. On January 1, Shunda issued $30,000,000 of five-year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32,433,150. Interest is payable semiannually. Shunda's fiscal year begins on January 1. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. 2. First semiannual interest payment, including amortization of premium. Round to the nearest dollar. 3. Second semiannual interest payment, including amortization of premium. Round to the nearest dollar . Determine the bond interest expense for the first year. Explain why the company was able to issue the bonds for $32,433,150 rather than for the face amount of $30,000,000. b b V c. $225,620 Appendix 1 and Appendix 2 EX 11-16 Compute bond proceeds, amortizing premium by interest method, and interest expense Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued $35,000,000 of five-year, 12% bonds at a market (effective) interest rate of 10%, with interest pay- able semiannually. Compute the following, presenting figures used in your computations: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibits 5 and 7. Round to the nearest dollar. b. The amount of premium to be amortized for the first semiannual interest payment period, using the interest method. Round to the nearest dollar