please help!!

Premiere Autoparts Inc. issued $105,000 of 5%, five-year bonds at a price of 82 on January 31,20X1 (Note: When the issue price of bonds is provided, as in this case, you do not need to calculate it yourself, just use the stated price.). The market interest rate at the date of issuance was 7%, and the standard bonds pay interest semi-annually. Requirement 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Requirement 2. Record Premiere's issuance of the bonds on January 31,201, and payment of the first semi-annual interest amount and amortization of the bonds on July 31,201. Start by recording the issuance of bonds on January 31, 20X1. (Record debits first, then credits. Exclude explanations from journal entries.) Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 20X1. (Record debits first, then credits. Exclude explanations from joumal entries.) Requirement 3. How much cash did Premiere Autoparts borrow on January 31, 20X1? How much cash will Requirement 3. How much cash did Premiere Autoparts borrow on January 31,201 ? How much cash will Premiere Autoparts pay back at maturity on January 31,206 ? Amount of cash Premiere Autoparts borrowed on January 31, 20X1: Amount of cash Premiere Autoparts will pay back on January 31, 20X6: Requirement 4. How much cash interest will Premiere Autoparts pay each six months? Amount of cash interest Premiere Autoparts will pay each six months: Requirement 5. How much interest expense will Premiere Autoparts report on July 31,201, and on January 31,202 ? Why does the amount of interest expense increase each period? Explain in detail. In this step, enter the interest expense amounts Premiere Autoparts will report on July 31, 20X1, and on January 31,202. Interest expense Premiere Autoparts will report on July 31, 20X1: Interest expense Premiere Autoparts will report on January 31, 20X2: Why does the amount of interest expense increase each period? Interest expense increases because the as the bonds move toward maturity, and the must be amortized over the life of the bond. The bond carrying amount produces amount of interest expense each period. ment 2. Record Premiere's issuance of the bonds on January 31,201, an amount and amortization of the bonds on July 31,201. recording the issuance of bonds on January 31,201. (Record debits firsi urnal entries.) Date ary 31,201 ecord the pe first, then h cash did Premiere Autoparts borrow on January 31, 20X1? How much ack at maturity on January 31,206 ? Autoparts borrowed on January 31, 20X1: re Autoparts will pay back on January 31, 20X6: remiere Autoparts borrow on January 31,201 ? How much cash ity on January 31,206 ? rest will Premiere Autoparts pay each six months? toparts will pay each six months: expense will Premiere Autoparts report on July 31,201, and on Janua ense increase each period? Explain in detail. se amounts Premiere Autoparts will report on July 31, 20X1, and on Jan Requirement 3. How much cash did Premiere Autoparts bor Premiere Autoparts pay back at maturity on January 31,20X Amount of cash Premiere Autoparts borrowed on Januar Amount of cash Premiere Autoparts will pay back on Jant Requirement 4. How much cash interest will Premiere Autopa Amount of cash interest Premiere Autoparts will pay each six n Requirement 5. How much interest expense will Premiere Autc Why does the amount of interest expense increase each period In this step, enter the interest expense amounts Premiere Autop Inte ere Autoparts will report on July 31, Inte ere Autoparts will report on January Why discount interest expense increase each period? premium as because the Inte the must be amortized over the life of the bond. The amount of interest expense each period: Amount of cash Premiere Autoparts will pay back Requirement 4. How much cash interest will Premiere Amount of cash interest Premiere Autoparts will pay es Requirement 5. How much interest expense will Premi Why does the amount of interest expense increase eac 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Premiere's issuance of the bonds on January 31,201, and payment of the first semi-annual interest amount and amortization of the bonds on July 31,201. Explanations are not required. 3. How much cash did Premiere Autoparts borrow on January 31, 20X1? How much cash will Premiere Autoparts pay back at maturity on January 31,206? 4. How much cash interest will Premiere Autoparts pay each six months? 5. How much interest expense will Premiere Autoparts report on July 31,201, and on January 31,202 ? Why does the amount of interest expense increase each period? Explain in detail