on january 1st, year 1, a company issues $390,000 of 7% bonds,due in 10...

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Accounting

on january 1st, year 1, a company issues $390,000 of 7% bonds,due in 10 years, with interest payable semiannually on june 30 andDecember 31 each year. Assuming the market interest rate on theissue date is 6%, the bonds will issue at $419,013.
I need the answers for 1/1 year 1 carrying value:
6/30/year 1: _____ cash paid, _ interestexpense, _ change in carrying value,_ carrying value
12/31/year 1: _ cash paid, _____ interestexpense, _ change in carrying value, _______carrying value.
Then same question: I need the journal entries for: January 1st.requires the "Record the bond issue" June 30th requires: the "Record the first semiannual interest payment" December 31: requiresthe " Record the second semiannual interest payment."

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In: Accountingon january 1st, year 1, a company issues $390,000 of 7% bonds,due in 10 years,...on january 1st, year 1, a company issues $390,000 of 7% bonds,due in 10 years, with interest payable semiannually on june 30 andDecember 31 each year. Assuming the market interest rate on theissue date is 6%, the bonds will issue at $419,013.I need the answers for 1/1 year 1 carrying value:6/30/year 1: ___________ cash paid, _____________ interestexpense, _________________ change in carrying value,_________________ carrying value12/31/year 1: ___________ cash paid, _______________ interestexpense, _____________ change in carrying value, _____________carrying value.Then same question: I need the journal entries for: January 1st.requires the "Record the bond issue" June 30th requires: the "Record the first semiannual interest payment" December 31: requiresthe " Record the second semiannual interest payment."