Accounting for bonds using amortized cost measurement based on the historical market interest rate.

O'Brien Corporation issues $8,000,000 face value, 8% semiannual coupon bonds maturing in 20 years. The market initially prices these bonds to yield 6% compounded semiannually. O'Brien Corporation accounts for these bonds using amortized cost measurement based on the historical market interest rate.

a. the issue price of these bonds is 9,849,206.

b. how do you find the interest expense on these bonds for the first six months.

c. how do you find the interest expense on these bonds for the second six months.

d. how do you find the carrying value of these bonds at the end of the second six-month period

e. how do the journal entries look at 1.time of issuances, 2. the first payment and 3. the second payment