this is just one question!

need help solving it, thank you.

2. On February 28, 2018. Starfish Corp. issues 6%, 10-year bonds payable with a face value of $900,000. The bonds pay interest on February 28 and August 31. The company amortizes bond discount using the straight-line method. Read the requirements Requirement 1. If the market interest rate is 5% when Starfish Corp. issues as bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. The 6% bonds issued when the market interest rate is 5% will be priced at (1) They are (2) in this market, so investors will pay (3) to acquire them Requirement 2. If the market interest rate is 7% when Starfish Corp. issues as bonds, wil the bonds be priced at par, ata premium, or at a discount? Explain. The 6% bonds issued when the market interest rate is 7% will be priced at (4) - They are (5) - in this market, so investors will pay (6) - to acquire them Requirement 3. Assume that the issue price of the bonds is 98. Joumalize the following bonds payable transactions. (Record debits first, then credits. Exclude explanations from joumal entries.) a. Record the issuance of the bonds on February 28, 2018 Journal Entry 2018 28 Accounts Debit Credit Feb (7) (8) (9) (10) b. Payment of interest and amortization of the band discount on August 31, 2018 Journal Entry Accounts Debit Credit 2018 Aug 31 (11) (12) (13) c. Accrual of interest and amortization of the bond discount on December 31, 2018 (fiscal year-end). Journal Entry Accounts Debit Credit 2018 Dec 31 (15) (16) (17) (18) d. Payment of interest and amortization of the bond discount on February 28, 2019 Journal Entry 2019 Accounts Debit Credit Feb 28 (19) (20) (21) (22) Requirement 4. Report interest payable and bonds payable as they would appear on Starfish Corp.'s balance sheet at December 31, 2018 Liabilities (23) (24) (25) (26) Less: (27) 2. Requirements 1. If the market interest rate is 5% when Starfish Corp. issues its bonds will the bonds be priced at par, at a premium, or at a discount? Explain 2. If the market interest rate is 7% when Starfish Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. 3. Assume that the issue price of the bonds is 98. Journalize the following bonds payable transactions a. Issuance of the bonds on February 28, 2018 b. Payment of interest and amortization of the bond discount on August 31, 2018 c. Accrual of interest and amortization of the bond discount on December 31, 2018 (fiscal year-end) d. Payment of interest and amortization of the bond discount on February 28, 2019 4. Report interest payable and bonds payable as they would appear on Starfish Corp.'s balance sheet at December 31, 2018 (3) ) (4) (1) O a discount a premium par (maturity) value OOO (2) attractive unattractive less than par value more than par value par value OOO a discount a premium par (maturity) value (5) (6) attractive unattractive less than par value more than par value par value (7) O Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable (8) OOOO Accounts Payable Bonds Payable Cash (9) OOOO Accounts Payable Bonds Payable Cash OOOO Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable (10) Accounts Payable Bonds Payable Cash OOOO (11) 0 0 0 0 Accounts Payable Bonds Payable Cash 0 000 (12) 0 000 OOOO (13) OOOO Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable (14) OOOO OOOO (15) OOOO 0 000 0 (16) Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable (17) OOOO Discount on Bonds Payable Accounts Payable Interest Expense Bonds Payable Interest Payable Cash Premium on Bonds Payable (18) Accounts Payable Bonds Payable Cash (19) Accounts Payable Bonds Payable Cash OOOO (20) Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable O Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable (21) OOOO Accounts Payable Bonds Payable Cash (22) Accounts Payable O Bonds Payable Cash (23) Bonds payable Current liabilities: Discount on bonds payable Interest expense Interest payable Long-term liabilities: (24) Bonds payable Current liabilities: Discount on bonds payable Interest expense Interest payable Long-term liabilities: (25) OOOO Bonds payable Current liabilities: O Discount on bonds payable Interest expense Interest payable Long-term liabilities: (26) Bonds payable Current liabilities: Discount on bonds payable Interest expense Interest payable Long-term liabilities: (27) Bonds payable Current liabilities: Discount on bonds payable Interest expense Interest payable Long-term liabilities