Please solve E12-4,5 questions

E12-4 On January 1, 2004, P.J. Corporation issues a $5,000 bond with a 6% coupon. The bond matures in five years. The bond is issued to yield a 5% return to investors, selling for $5,216.49. Required: a. Prepare the journal entry to record the sale of the bond on January 1, 2004. b. How will the bond be presented on P.J's balance sheet on January 1, 2004? c. Prepare the entry to record the first coupon payment on December 31, 2004. d. What will be the economic value of the bond on December 31, 2004, assuming no change in market interest rates? e. How will the bond be presented on the balance sheet on December 31, 2004? f. What will be the amount of the net bond liability on December 31, 2008, the day be- fore the bond matures? g. Prepare the entry that will be made on January 1, 2009, the maturity date of the bond. E12-5 On January 2, 2005, Noblick Corporation leased equipment under a three-year lease with payments of $3,000 on each December 31 of the lease term. The present value of the lease payments at a discount rate of 10% is $7,460. If the lease is considered a capital lease, de preciation expense (straight-line) and interest expense are recognized. If the lease is con- sidered an operating lease, then rent expense is recognized. Required: a. What factors must Noblick consider in determining whether the lease is a capital lease or an operating lease? b. What will be the total expense recognized on Noblick's income statement over the three years if the lease is considered an operating lease? c. What will be the total expense recognized on Noblick's income statement over the three years if the lease is considered a capital lease? d. Which lease will result in the highest income in each of the three years? Explain. Which lease will result in the highest cash flow in each of the three years? Explain. e