A partial bond amortization schedule for $1.76-million,5-year bonds is presented below:

Fill in the missing words or amounts.

Semi-Annual

Interest PeriodInterest

Payment

Expense

Discount

Interest

Expense

Payment

Discount

Expense

Payment

Discount

Amortization

Bond Amortized Cost

Issue Date

$1,724,992

1 (Apr. 30)

$35,200

$$7,925

$1,732,917

2 (Oct. 31)

$35,200

$43,323

$$

List of Accounts

What is the bonds' face value?

Face value$

List of Accounts

What is the bonds' contractual interest rate? The market interest rate?(Round answers to 0 decimal places, e.g. 12%.)

Contractual interest rate%Market interest rate%

List of Accounts

Prepare the journal entries for the first two interest payments.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

Apr. 30

(To record interest payment.)Oct. 31

(To record interest payment.)

List of Accounts