9.1 On Jan. 1, 2018, UMPI, Inc. issued $600,000, of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and January 1. The bonds effective yield 8%. UMPI uses the effective-interest method (see PV Tables next page). Prepare UMPIs journal entries for a thru c.

1. The January 1 issuance
2. The July 1 interest payment
3. The December 31 adjusting journal entry
4. Prepare a full Bond Amortization Schedule