Please post answer so that half the answer isnt cur off! thanks!

Question Content Arca Entries for Issung Bonds and Amortizing Discount by Straight-Line Method On the first day of its fiscal year, Jeonto Company issued $15,800,000 of five-year, 6% 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 3%, resulting in Jacinto Company receiving cash of $14,518,415. Question Content Area a. Journalize the entries to record the following: 1. Issuance of the bonds. 2. First semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. 3. Second semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment If an amount box does not require an entry, leave it blarik. Round your answers to the nearest doltar. 14510415 Discount on blonds Payable Bonds Payable 1. Cash 1.281,50 15.000.000 X 2. Interest Expense Discount on Bonds Payable Cash X 474,000 Interest Expense Discount on Bonds Payable Cash Question Content Area b. Determine the amount of the bond interest expense for the first year. Round your answer to the nearest dollar. c. Why was the company able to issue the bonds for only $14,518,415 rather than for the face amount of $15,000,000? The market rate of interest is the contract rate of interest Feedback Area Feedback Check My Work Add total interest expense for the year Feedback Area Feedback Check My Work Partially correct