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Please answer both parts for positive feedback :) Dobbs Company issues 6%, two-year bonds, on December 31, 2019, with a par value of $94,000 and

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Please answer both parts for positive feedback :)

Dobbs Company issues 6%, two-year bonds, on December 31, 2019, with a par value of $94,000 and semiannual interest payments. Semiannual Period-End (6) 12/31/2019 (1) 6/30/2020 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Unamortized Discount $5,880 4,410 2,940 1,470 Carrying Value $88,120 89,590 91,060 92,530 94,000 (2) Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2019. (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2021. No Date Debit Credit 1 Jun 30, 2020 2,820 General Journal Bond interest expense Bonds payable Cash >IX 1,470 1,350 2 Dec 31, 2020 2,820 X Bond interest expense Bonds payable Cash >> 1,470 1,350 3 Jun 30, 2021 2,820 Bond interest expense Bonds payable Cash 1,470 1,350 4 Dec 31, 2021 2,820 Bond interest expense Bonds payable Cash x 1,470 1,350 Quatro Co. issues bonds dated January 1, 2019, with a par value of $840,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12%, and the bonds are sold for $860,685. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Interest Period- End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Unamortized Carrying Premium Value $ 20,685 $ 860,685 17,726 % 857,726 14,590 X 854,590 11,265 X 851,265 7,741 X 847,741 4,296 844,296 0 840,000

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