1 E8-27 2 On June 30, 2019, the market interest rate is 7%. Dellaca Enterprises issues 3 $500,000 of 8%, 20-year bonds at 110.625. The bonds pay interest on June 30 4 and Dec 31. Dellaca amortizes bonds by the effective-interest method. 5 Requirements 6 1. Prepare a bond amortization table for the first four semi-annual interest periods. 7 2. Record issuance of the bonds on June 30, 2019, the payment of interest at 8 Dec 31, 2019, and the semi-annual interest payment on June 30, 2020. 30 9 B A Intere payam Date June 30, 2019 Dec 30, 2019 June 30, 2020 Dec 30, 2020 June 30, 2021 10 12 Issue price Premium Rate on interest payment