1) On January 1, 2024, a company issues $740,000 of 10% bonds, due in seven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $777,825. Required: 1. Fill in the blanks for the first three rows of the amortization schedule below: (1) Date (2) Cash (3) Interest Paid Expense 1/1/2024 6/30/2024 12/31/2024 (4) Change in (5) Carrying Carrying Value Value 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.

1) On January 1,2024 , a company issues $740,000 of 10% bonds, due in seven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $777,825. Required: 1. Fill in the blanks for the first three rows of the amortization schedule below: 2. Record the bond issue on January 1,2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024