On January 1, 2013, Cougar Creations Inc. purchased $100,000 of 5-year, 8% bonds when the effective rate

Question:

On January 1, 2013, Cougar Creations Inc. purchased $100,000 of 5-year, 8% bonds when the effective rate of interest was 10%, paying $92,277. Interest is to be paid on July 1 and December 31.
1. Prepare an interest amortization schedule for the bonds.
2. Prepare the journal entries made by Cougar Creations on July 1 and December 31 of 2013 to recognize the receipt of interest and to amortize the discount?