131 Discount, $6,328 3. The market Tale at ti Romero issues $3.400,000 of 10%, 10-year bonds dated January 1, 2013, that pay interest sem Required Problem 10-2B iannually Straight-Line: Amortization of on June 30 and December 31. The bonds are issued at a price of $3,010,000. bond discount P1 P2 1. Prepare the January 1,2013, journal entry to record the bonds' issuance r each semiannual period, compute (a) the cash payment. () the straight-line discount amortization. and (c) the bond interest expense. 3. Determine the total bond interest expense to be recognized over the bonds life. Check (3) $3,790,000 4) 6/30/2014 carrying value, $3,068,500 the first two years of an amortization table like Exhibit 10.7 using the straight-line method. 5. Prepare the journal entries to record the first two interest payments R excent assume that the bonds are issued at a price of 1