The city of Fairfield issued $100 million of 20-year, 6% coupon bonds (3% semiannual period) for $89.32 Million. The Price reflected a yield of 7% (3.5% period semiannual period).

1. Prepare entries to reflect how the following would be reported in government-wide statement: Show your work for how you got to the answers
2. The issuance of the Bond
3. the first semiannual payment of interest
4. the second semiannual payment of interest

2. Prepare entries to account fothe same transcations in government wide

I cant remember how to calculate bonds, can you show the work when you help with this.