on january 1st, year 1, a company issues $310,000 of 9% bonds, due in 20 years, with interest payable semiannually on june 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $283,405.

I need the answers for 1/1 year 1 carrying value:

6/30/year 1: ___________ cash paid, _____________ interest expense, _________________ change in carrying value, _________________ carrying value

12/31/year 1: ___________ cash paid, _______________ interest expense, _____________ change in carrying value, _____________ carrying value.

Then same question:

I need the journal entries for:

January 1st. requires the "Record the bond issue"

June 30th requires: the " Record the first semiannual interest payment"

December 31: requires the " Record the second semiannual interest payment."