thank you sm

On January 1 , the first day of the fiscal yesr, Designer Fabric Inc. issues a $350,000,7%, 10 -year bond that pays semiannual in year), recelving cash of $350,000 a. Journolize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. Feestack reneck My Wor Bonds payable is always recorded at face value. b. Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry, leave it blank: Feestac rcheok Mon Interest payments are always recorded as interest Expense. c. Joumalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it biank. Entries for issuing bonds and amortizing premium by straight-line method Smiley Corporation wholesales repair products to equipment manufacturers, On Aprit 1, 20Y1, Smiley issued $6,700,000 of 6 year, 11% bonds at a market (effective) interest rate of 10%, receiving cash of $6,996,917. Interest is payable semiannually on Apnil 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, 20Y1. If an amount box does not require an entry, leave it blank. Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account. The straight-line method of amortization provides equal amounts of amortization over the life of the bond. 0. Journalize the entry to record the first interest payment on October 1, 20Y1, and amortization of bond premium for 6 months, using the straight-line method. Roune the nearest dollar. If an amount box does not require an entry, leave it blank