HELLO PLEASE ASSIST

Instructions On July 1, 20Y1, Oanzer Industries Inc. issued of 10-year, 7% bonds at a market (effective) interest rate of receiving cash of $37,282,062. Interest on the bonds is payable semiannualVy on December 31 and June 30. The fiscal year of the company is the calendar year. Required: . Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. . Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 20K f, and the amortization of the bond discount, using the interest method. b. The interest payment on June 30: 20Y2, end the amortization of the bond discount, using the interest 3 Determine the total interest expense for 20 Yf General Journel JOURNAL DESCRIPTION ACCOUNTING EQUATION LIABILITIES Questio 2b. Journalize the entry to record the interest payment on June 30 20Y2, and the of the bond discount, using the interest method Genera/ Journal Instructions JOURNAL DESCRIPT votu 3. Determine the total interest expense for 20Y1. L IA81LITlES