can I get the solution for b and c?

Show Me How Calculator Entries for issuing Bonds and Amortizing Discount by Straight-Une Method On the first day of its fiscal year, Chin Company issued $24.900,000 of five-year, 10% bonds to finance its operations of producing and selling home Improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) Interest rate of s i ng le company receiving cash of 123.961.556. a. Journalize the entries to record the following: 1. Issuance of the bonds. 2. First semiannual interest payment. The bond discount amortization, using the straight-line method, is combined with the semiannual interest payment. (Round your answer to the nearest dollar.) 3. Second semiannual interest payment. The bond discount amortization, using the straight-line method, combined with the semiannual interest payment. (Round your answer to the nearest dollar.) For a compound transaction, if an amount box does not require an entry leave it blank. Round your answers to the nearest colar 1. Cash 23.961.556 Discount on Bonds Payable Bonds Payable 3 Bonds 2. Interest Expense Discount on Bonds Payable Cash 1.245.000 Interest Expense 1354 Discount on Bonds Payable Cash Foto Previous Next Check My Work 1 more Check My Work uses remaining Sum e nt for a ULUUN Oh Bonds Payable 1,245,000 Bonds Payable is always recorded at faoe value. Any difference in issue price is reflected in a premium or discount account. The straight-line methol amounts of amortization over the life of the bond. b. Determine the amount of the bond interest expense for the first year. c. Why was the company able to issue the bonds for only $23,961,556 rather than for the face amount of $24,900,000? The market rate of interest is the contract rate of interest ally correct Check My Work more Check My Work uses remaining, Save and E