please answers these questions bus 120 4

this is Exam 300 min it is only 14 questions

and this is Example of it

Lincoln Machine ToolLincoln Machine Tool,

Inc., issued

$ 540 comma 000$540,000

of

2020-year,

55

percent bonds payable on January 1.

Lincoln Machine ToolLincoln Machine Tool,

Inc., pays interest each January 1 and July 1 and amortizes any discount or premium by the straight-line method.

Lincoln Machine ToolLincoln Machine Tool,

Inc., can issue its bonds payable under various conditions:

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(Click
the icon to view the conditions.)

Read the requirementsLOADING…

.

Requirement 1. Journalize Lincoln Machine ToolLincoln Machine Tool‘s

issuance of the bonds and first semiannual interest payment for each situation. Explanations are not required.
(Record debits first, then credits. Exclude explanations from any journal entries.)

a. Record the issuance of the bonds payable at par value.

a. Record the payment of semiannual interest when the bonds are issued at par.

b. Record the issuance at a price of $ 460 comma 000$460,000

when the market rate was above

55

percent.

b. Record the payment of semiannual interest when the bonds are issued at a price of $ 460 comma 000$460,000

and the market rate was above

55

percent. (Round to the nearest whole number.)

c. Record the issuance at a price of $ 600 comma 000$600,000

when the market rate was below

55

percent.

c. Record the payment of semiannual interest when the bonds are issued at a price of $ 600 comma 000$600,000

when the market rate was below

55

percent. (Round to the nearest whole number.)

Requirement 2. Which condition results in the most interest expense for Lincoln Machine ToolLincoln Machine Tool,

Inc.? Explain in detail.

The discount price of $460,000

results in the most interest expense. The reason for this is because

Lincoln Machine ToolLincoln Machine Tool

receives $460,000 and must pay back $540,000 at maturity

.

Question is complete.