Hello, I\'m having trouble understanding how to do this problem. Will you please

Question

Hello, I'm having trouble understanding how to do this problem. Will you please help? Thank you! On March 31, 2011 Louis Company issued $20,000,000 face amount of 7%, 5-year bonds payable, with interest payable each June 30 and December 31. The company received cash of $20,200,000, including the accrued interest from December 31, 2010. Louis uses the straight-line method of amortizing any discount or premium over the remaining life of the bonds-57 months. (a) What was the amount of accrued interest received by Louis on March 31, 2011 when the bonds were issued? (Do not assume the bonds were issued at par.) $_______________ (b) What was the amount of discount or premium on the bonds at issuance date? (Indicate discount or premium.) $_______________ (c) What amount of cash is paid to bondholders for interest during year 2011? $_______________ (d) What is Louis' total interest expense for year 2011 related to this bond issue? $_______________ (e) What is the carrying value of this bond issue as of December 31, year 2011? $_______________

Explanation / Answer

here i think it was the answer the company received amount of 20,200,000 after 5 years means for 5 years the interest was 200,000 means for 1 year the interest was 40,000 so for 1month it was 3333 a)upto march means it completed of 3 months so they received amount of 10,000 e)upto dec 31 means it completed 12 months so they received amount of 20,040,000.

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