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Dond premiurty, entries for bonds nepable transoctions Rodgers Corporation produces and selfs football equipment. On luly 1, 20Y1, Rodgers issued $44,500,000 ol to-year, 10% bonds at a market (effective) intereit rate of e9h, receiving cash of 595,956,099. interest on the bonds is payable semiannually on December 31 and hune 30 . The fiscal year of the company is the calendar year, Reafuiredt For alf journat entries, af an amount box does not require an entry, leave it blank. 2. Journalize the entries to record the following: a. The first semiannual internst payment on December 31,20Y1; and the amoetutation of the bond premium, using the straight-line method. Round to the nearest dollar. fershack - Chea Mr Won. The straight-line method of amortization provides equal amounts of amortization over the life of the bocd. 3. Dereinane the toral internst expense for 20v1. Round to the nearest dollar. 4. Will the bond preceects ala ays be greater than the foce amount of the bonds when the contract ratr is greater than the masiot ratil of interest? 5. Compute the pnoe of 595,984,099 received for the bonds by using the Present value at conpound interest, and sresent value of an aotiuty. Reund your PV values to 5 decimal places and the final answers to the nearest dollar. Your total may vary shohity frem the price given due to rounding differences

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