Can someone explain this please

P15-1B On June 1, 2015, Weller Corp. issued $3,000,000, 9%, 5-year bonds at face value. The bonds were dated June 1, 2015, and pay interest annually on June 1. Financial statements are prepared annually on December 31. Instructions (a) Prepare the journal entry to record the issuance of the bonds. (b) Prepare the adjusting entry to record the accrual of interest on December 31, 2015. (c) Show the balance sheet presentation on December 31, 2015. (d) Prepare the journal entry to record payment of interest on June 1, 2016. (e) Prepare the adjusting entry to record the accrual of interest on December 31, 2016. (f) Assume that on January 1, 2017, Weller pays the accrued interest and calls the bonds at 102. Record the payment of interest and redemption of the bonds. P15-4B Crosetti's Electronics issues an $800,000, 8%, 10-year mortgage note on December 31, 2015, to help finance a plant expansion program. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of $119,224. Payments are due on December 31. Instructions (a) Prepare an installment payments schedule for the first 4 years. (b) Prepare the entries for (1) the loan and (2) the first installment payment. (c) Show how the total mortgage liability should be reported on the balance sheet at December 31, 2016. *P15-6B Fernetti Company sold $6,000,000, 8%, 20-year bonds on January 1, 2015. The bonds were dated January 1 and pay interest annually on January 1. Fernetti Company uses the straight-line method to amortize bond premium or discount. The bonds were sold at 96. Instructions (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2015. (b) Prepare a bond discount amortization schedule for the first 4 interest periods. (c) Prepare the journal entries for interest and the amortization of the discount in 2015 and 2016. (d) Show the balance sheet presentation of the bond liability at December 31, 2016. *P15-10B On January 1, 2015, Ashlock Chemical Company issued $4,000,000, 10%, 10 year bonds at $4,543,627. This price resulted in an 8% effective-interest rate on the bonds. Ashlock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1. Instructions (Round all computations to the nearest dollar.) (a) Prepare the journal entries to record the following transactions. (1) The issuance of the bonds on January 1, 2016. (2) Accrual of interest and the amortization of the premium on December 31, 2015. (3) The payment of interest on January 1, 2016. (4) Accrual of interest and amortization of the premium on December 31, 2016. (b) Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2016. (c) Provide the answers to the following questions in letter form. (1) What amount of interest expense is reported for 2016? (2) Would the bond interest expense reported in 2016 be the same as, greater than, or less than the amount that would be reported if the straight-line method of amor- tization were used