A company issued $10\%,10-$year bonds with a par value of $$1,150,000$ on January $1,$ at a selling price of $$1,020,300$ when the annual

market interest rate is $12\%.$ The company uses the effective interest amortization method. Interest is paid semiannually each June $30$

and December $31.$

Prepare an amortization table for the first two payment periods using the following format.

Prepare the journal entry to record the first semiannual interest payment.

Complete this question by entering your answers in the tabs below.

Prepare an amortization table for the first two payment periods using the following format.

Note: Do not round intermediate calculation and round your answers to the $2$ decimal places.