Question: Please show work, thanks!! 9. (2 points) Mel issued $15,000,000 of 6%, 15-year term bonds on 01-01-18 when the market rate for similar bonds was

Please show work, thanks!!

Please show work, thanks!! 9. (2 points) Mel issued $15,000,000 of 6%,

9. (2 points) Mel issued $15,000,000 of 6%, 15-year term bonds on 01-01-18 when the market rate for similar bonds was 5.5% The bonds were dated 01-01-18 with interest payable January 01 and July 01. Upon issuing the bonds, Mel incurred and paid $53,000 of bond issuance costs. Mel only prepares AJEs every December 31. Mel uses the effective interest method to amortize any bond discount or premium What amount (net) did Mel receive upon issuing these bonds? Round your answer to the nearest dollar. What amount should Mel record as interest expense for the six-month period 01-01-21 to 06-30-21? Round your answer to the nearest dollar. 10. (7 points) Mel issued $12,000,000 of 4.5%, 2-year callable term bonds on 01-01-18 when the market rate for similar bonds was 5% The bonds were dated 01-01-18 with interest payable January 01 and July 01. Upon issuing the bonds, Mel incurred and paid $82,000 of bond issuance costs. Mel can call in, ie, retire, some or all of the bonds any time after 01-01-19 at 102 plus interest. Mel only prepares AJEs every December 31. Mel uses the effective interest method to amortize any bond discount or premium On 04-01-19, Mel called in $9,000,000 of the bonds. Prepare the entries Mel should make on: a 01-01-18 b. 07-01-18 c. 12-31-18 d 01-01-19 e. 04-01-19 f. 07-01-19 g. 12-31-19 h 01-01-20 Round your debits and credits to the nearest dollar and make sure that your debits equal your credits

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