I need help with preparing the Journal entries and elimination entries for two companies. The problem is the following:

On 11/1/07 S company borrowed $15 million on a 1year note from P company and has not repaid the loan. The interest rate on the loan is 8%

In addition, P comp acquired $100million of the $300million par value of bond the originally issued by S company on 1/1/04 from the market at par ($100million) on 7/1/07. The 7 yr, 9% were originally issued at 1.07. Interest is paid annually on January 1 of each year. Both companies use the straight line method for amortizing any bond premiums and discounts.

I will appreciate any help!