please help
Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $39,200,000 of 10-year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $44,527,535. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries, If an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar. b. The interest payment on June 30, Year 2, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar. 3. Determine the total interest expense for Year 1. Round to the nearest dollar. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $44,527,535 received for the bonds by using Present value at compound interest, and Present value of an annuity. Round to the nearest dollar. Your total may vary slightly from the price given due to rounding differences. Present value of the face amount Present value of the semiannual interest payments Price received for the bonds Nons Premium Crator Gas Pb Tangin Red Castopad selgitrat Onlust wirts M39,2020-W14 other song cast 122.535. man the distand. The rest of the leader war Required: rare una adecAu-tbs: orare in rem within 1. Ju UV MIY W Use .. ovat pawar Une TV bu J.ly : 2. Jual VVS fully 4. The ita calitat per un camers, wat te maker Ure berdaru, albestra Lid. Round to the nervat du TN. SIELUN SOYUTLU 'Uber nur, watywy L V... Hun haval Juller 2. Ahol Part Round to the nearest dollar 1. then prendre trenta-u-te arde was the street breathe marcat robe entere? S. CAN :44,527 von Travel II. vult an. In the news Juller.eu - very y-UI. uddy PTAS VIP them. PARTIE the interesan PT ER NASA for hoe hoods Send Premium, Echo Por Bonsai Trento's Redes lo poco pocus and secu.bel. U juar redes Cupcomia..539,209.00 of 13 sl. 10st de 2 mertebe v 9.44 27.5.5. Inte i bordo sarebomly on mbr 1 and the your of the corrany is the cada vel. Required: Uw www ww . WWW.UU. 1. A 2.11 , ". 11 . }1* - 14 t .nr -". 3. Trenle tanto and he tool . There alleet PSA --1, msn the bons regtigkein. Round on the nearest dollar. Y b. The certamer June 20. Your 2 and the amertain tre premium, uang the strecht-ire math. Round to the nearest dollar. 4. D. I will puler lu Wa Hound to ust dulla 4. withe bons pret W. wat-e-te amount of the serca water strobe screer than the more on 5. Computerior $44327235ed for the bandera Pera-purs Ibarua and Paul anib. Round to the real dollar. Year el my veral truly from the proven curte reudige Prerate of the count Praet VI. SAMAWAT Twived for the banda
