Please answer requirements 2b-3

On June 1, 2018, The Grecian Halls issued $750,000 of 10-year, 7 percent bonds payable. The bonds were sold for $735,000. The bonds pay interest each November 30 and May 31, and any discount or premium is amortized using straight-line amortization. Read the requirements. Requirements Requirement 1. Fill in the blanks to complete each statement. a. The Grecian Halls' bonds are priced at (express the price as a percentage) %. 1. 2. Fill in the blanks to complete these statements: a. The Grecian Halls' bonds are priced at (express the price as a percentage) b. When The Grecian Halls issued its bonds, the market interest rate was (higher than, lower than, or equal to) 7 percent. C. The amount of bond discount or premium is Record the following transactions: a. Issuance of the bonds payable on June 1, 2018 b. Payment of interest (and amortization of discount or premium, if any) on November 30, 2018 c. Accrual of interest (and amortization of discount or premium, if any) on December 31, 2018; explanations are not required At what amount will The Grecian Halls report the bonds on its balance sheet at December 31, 2018? 3