Please show the work for the questions where it is asked. Thank you.

1. Ginger Inc. has outstanding 7%, 5-year $100,000 face bond. The effective rate at the time this bond was sold, On 1/1/14, was 6%. Ginger Inc. uses the effective interest method to amortize the bond premium. This bond pays interest annually. On 12/31/15, the carrying amount of the outstanding bond was $105,000. What amount of unamortized premium should Ginger Inc. report on its year-end balance sheet on 12/31/16? **Hint: The premium must be $0 at the maturity date! 2. Ollie Inc. issues a bond on 6/1/2014. This bond pays Interest semiannually, on 4/1 and 10/1. This bond was issued in between Interest payment dates. On Ollie lnc.?s 12/31/14, year-end Income statement, for how many months should it record interest expense? (Please show your work to receive credit) a. 3 months b. 4 months e. 6 months d. 7 months 3. Allie Corp. issued debt at a discount. Over the life of the bond, the total interest expense Allie Corp. will incur due to this bond will equal the cash the company paid: a. plus the original total discount ?or- b. minus the original total discount 4. In 2015,a smart investor names Miss Allie Kate, purchased a 10-year bond at par. Several years later Miss Allie?s bond was trading at a discount. What happened to market interest rates since the time Allie purchased the bond to cause the bond to trade at a discount to par? a. Interest rates have risen since Allie purchased the bond b. Interest rates have fallen since Allie purchased the bond 5. Ginger Inc. issues bonds at 95 with a maturity value of $60,000. The journal entry Ginger Inc. uses to record the issue of these bonds includes which of the following? a. a debit to discount on bonds payable of $3,000 b. a debit to bonds payable of $60,000 C. a credit to bonds payable of $57,000 d. a credit to premium on bonds payable of $3.000 Hint: Please do not guess. Please take the time to write out the journal entry and you will get the correct answer. 6. Ginger Inc. issues bonds at 102 with a maturity value of $50,000. The journal entry Ginger Inc. uses to record the issue of these bonds includes which of the following? a. a debit to cash for $50,000 b. a credit to bonds payable for $51,000 c. a debit to discount on bonds payable for $1,000 d. a credit to premium on bonds payable for $1,000 **Hint: Please do not guess. Please take the time to write out the journal entry and you will get the correct