Provide the answers to the following questions. 1. What amount of interest expense is reported for 2026 ? (Round onswer to 2 decimal ploces, es. 38,548.25) Interest expense reported for 2026 2 Wiil the bond interest expense reported in 2026 be the same as, greater than, or less than the amount that would be reported if the stralght-line method of amortization were used? The bond interest expense reported in 2026 will be the amount that would be reported if the stralght-iline mt 3. Determine the total cost of borrowing over the life of the bond. (Round answer to 0 decimal ploces, eg. 38.548.) Total cost of borrowing over the life of the bond 4. Will the total bond interest expense for the life of the bond be greater than, the same as, or less than the total interest expense if the straight-line method of amortization were used? The total bond interest expense for the life of the bond will be the total interest expense if the straight-line m On June 30,2025 , John Johnson Company issued $4,880,000.00 face value of 13%,20-year bonds at $5,247,120.00, a yield of 12%. Johnson uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. Click here fo view factor tables. (a) Your answer is correct. Prepare the journal entries to record the following transactions, (Round answer to 2 decimal places, e. .38.548.25. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries) 1. The issuance of the bonds on June 30,2025. 2. The payment of interest and the amortization of the premium on December 31, 2025. 3. The payment of interest and the amortization of the premium on June 30,2026 . 4. The payment of interest and the amortization of the premlum on December 31, 2026. anount is entryd Do not indent monially thit oll debit entries before credit entriet) 1. The lswance of the bonds on June 30,2025 . 2. The payment of interest and the amortization of the premium on December 31,2025 . 3. The payment of interest and the amortiration of the premium on June 30,2026 4. The payment of intereat and the amortiration of the premium on December 31,2026. Provide the answers to the following questions. 1. What amount of interest expense is reported for 2026 ? (Round onswer to 2 decimal ploces, es. 38,548.25) Interest expense reported for 2026 2 Wiil the bond interest expense reported in 2026 be the same as, greater than, or less than the amount that would be reported if the stralght-line method of amortization were used? The bond interest expense reported in 2026 will be the amount that would be reported if the stralght-iline mt 3. Determine the total cost of borrowing over the life of the bond. (Round answer to 0 decimal ploces, eg. 38.548.) Total cost of borrowing over the life of the bond 4. Will the total bond interest expense for the life of the bond be greater than, the same as, or less than the total interest expense if the straight-line method of amortization were used? The total bond interest expense for the life of the bond will be the total interest expense if the straight-line m On June 30,2025 , John Johnson Company issued $4,880,000.00 face value of 13%,20-year bonds at $5,247,120.00, a yield of 12%. Johnson uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. Click here fo view factor tables. (a) Your answer is correct. Prepare the journal entries to record the following transactions, (Round answer to 2 decimal places, e. .38.548.25. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries) 1. The issuance of the bonds on June 30,2025. 2. The payment of interest and the amortization of the premium on December 31, 2025. 3. The payment of interest and the amortization of the premium on June 30,2026 . 4. The payment of interest and the amortization of the premlum on December 31, 2026. anount is entryd Do not indent monially thit oll debit entries before credit entriet) 1. The lswance of the bonds on June 30,2025 . 2. The payment of interest and the amortization of the premium on December 31,2025 . 3. The payment of interest and the amortiration of the premium on June 30,2026 4. The payment of intereat and the amortiration of the premium on December 31,2026