Bond Amortization Schedule Consider the bond in Problem 9-53.

A $10 million issue of 5-year, 6% debentures when the market interest rate was 8%. It was issued on January 1, 2004. 1. Prepare a table showing the interest expense and the unamortized discount and ending liability bal- ance for each semiannual period. Use Exhibit 9-4 on p. 398 as an example. (Hint: Use a spreadsheet.) 2. Prepare the journal entry for recording interest for the 6-month period ended June 30, 2007.