Your answer is partially correct. Try again Provide the answers to the following questions (1) What amount of interest Expense is reported for 2017 (Round answer to decimal places, 36548) Study Interest expense reported for 2021 471914 (2) Will the band interest expense reported in 2021 be the same as greater than, or less than the amount that would be reported the straight line method of amortization were used The bond interest expare reported in 2023 the amount that would be reported in the straight-in method of amortization were used. () termine the total cost of borrowing over the le of the bord. (round answer to decals Totalco borrowing our ef the bed 5560660 (4) will the total bond interest rene for the tre of the bond be greater than the less than the total interest expense the straight line nuthod of amortization were ved? The total bond interest expense for the Me of the band will be the the total interest expense of the straight line method of mutuation were used Click it you would like to show Work for this question. Dhew ne 30, 2020, Teal Company issued $3,650,000 face value of 13%, 20 year bonds at 53,935,140, yield of 12%. Teal uses the effective interest method to amortize bond premium ant. The bonds pay semiannual interest on June 30 and December 31 Sur answer is correct. te the journal entries to record the following transactions. (Round answer to o decimal places, c-36,548. If no entry is required, select "No Entry for the account titles anter o for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually) The issuance of the bonds on June 30, 2020. The payment of interest and the amortization of the premium on December 31, 2020 The payment of interest and the amortization of the premium on June 30, 2021. The payment of interest and the amortization of the premium on December 31, 2021. Date Account Titles and Explanation Debit Credit June 30, 2020 3935340 Premium on Bonds Pay 275340 366000 Bonds Payable December 31, 2020 Interest Expense 235120 Premium Bonds Payabili 1780 227900 Cash