Why are these wrong? what is correct?

Issue Price of a Bond Tide, Inc., plans to issue $11,000,000 of 9% bonds that will pay interest semiannually and mature in 10 years. Assume that the effective interest is 8% per year compounded semiannually. Calculate the selling price of the bonds. Use financial calculator or Excel to calculate answers. Round answers to the nearest whole number. Selling price of bonds is $ 677,741,625 x Bonds Payable Journal Entries; Effective Interest Amortization On December 31, 2009, Kay Company issued $850,000 of five-year, 13% bonds payable for $903,625 yielding an effective interest rate of 10%. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and premium amortization (effective interest method) on June 30, 2010, and (c) the semiannual interest payment and premium amortization on December 31, 2010. Round amounts to the nearest dollar. General Journal Description Date Debit Credit a.) Dec.31 Cash $ 903,625 $ 0 0 850,000 x Premium on Bonds Payable Bonds Payable To record issuance of bonds. 0 53,625 x b.) 45,181 0 10,069 0 Jun.30 Bond Interest Expense Premium on Bonds Payable Cash To record semiannual interest payment and premium amortization. c.) 0 55,250 0 Dec.31 Bond Interest Expense Premium on Bonds Payable Cash 44,678 10,572 0 55,250 To record semiannual interest payment and premium amortization