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Please answer all the questions in detail. All of them need to be answered fully, not...

Please answer all the questions in detail. All of them need to be answered fully, not partially. Thank you for your help. I appreciate it!

Problem:                                 

Bond contract rate = 7% semi-annual

Bond par                 = $10,000

Bond market rate   = 6% semi-annual

Bond life                   = 10 years

  1. Find the selling price of this bond
  2. Will it be sold at a discount or premium?
  3. Do the journal entry for the issuance
  4. Calculate the discount/premium amortization per period (use the straight-line method)
  5. Do the entry for the payment of cash interest per period
  6. Do the entry for the amortization of the discount/premium per period    
  7. Find total interest expense per period
  8. Show the balance sheet presentation of the bond after two periods have elapsed
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