(Learning Objective 2: Issuing bonds payable (premium); recording interest accrual and payment and the related bond amortization) On June 30, 20X0, the market interest rate is 4%. Score Sports Ltd. issues $800,000 of 5%, 30-year bonds payable. The bonds pay interest on June 30 and December 31. Score Sports Ltd. amortizes bonds by the effectiveinterest method.

❙ Requirements 1. Prepare a bond amortization table for the fi rst four semi-annual interest periods.

2. Record the issuance of bonds payable on June 30, 20X0, the payment of interest on December 31, 20X0, and the payment of interest on June 30, 20X1.