Question: i'm struggling with this problem. please help me! thank you very much. Problem 10-6A On July 1, 2015, Flanagin Corporation issued $1,854,600, 10%, 10-year bonds

i'm struggling with this problem. please help me! thank you very much.

i'm struggling with this problem. please help me! thank you very much.Problem 10-6A On July 1, 2015, Flanagin Corporation issued $1,854,600, 10%, 10-yearbonds at $2,106,652. This price resulted in an effective-interest rate of 8%

Problem 10-6A On July 1, 2015, Flanagin Corporation issued $1,854,600, 10%, 10-year bonds at $2,106,652. This price resulted in an effective-interest rate of 8% on the bonds. Flanagin uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Prepare the journal entry to record the issuance of the bonds on July 1, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1, 2015Prepare an amortization table through December 31, 2016 (3 interest periods), for this bond issue. (Round answers to a decimal places, e.y. 15,250.) FLANAGIN CORPORATION Bond Premium Amortization Effective-Interest MethodSemiannual Interest Payments Issue date $ $ Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2015. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented I amount is entered. Do not indent manually.) Date Debit Credit Dec. 31, 2015 Prepare the journal entry to record the payment of interest and the amortization of the premium on July 1, 2016, assuming no accrual of interest on June 30. (Round answers to a decimal places, e.g. 15,250. Credit account titles are automatically lndented when amount is entered. Do not indent manually.) Date Account Titla and Explanation Debit Credit July 1, 2016 Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2016. (Round answers to a decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2016

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