Question: payable semiannually on December 31 and June 30 . The fiscal year of the company is the calendar year. Required: For all journal entries, if

payable semiannually on December 31 and June 30 . The fiscal

year of the company is the calendar year. Required: For all journal

payable semiannually on December 31 and June 30 . The fiscal year of the company is the calendar year. Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1,20Y1. 20Y1 2. Journalize the entries to record the following: 20 b. The interest payment on June 30,20Y2, and the amortization of the bond premium, using the straight-line method. Round to the nearest dollar. 20Y2 June 3. Determine the total interest expense for 20Y1. Round to the nearest dollar. 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Your total may vary slightly from the price given due to rounding differences

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