A partial bond amortization schedule for $2.18-million, 5-year bonds is presented below:

Fill in the missing words or amounts.

Semi-Annual Interest Period		Interest DiscountExpensePayment		Interest DiscountPaymentExpense		ExpenseDiscountPayment Amortization		Bond Amortized Cost
Issue Date								$2,053,095
1 (Apr. 30)		$43,600		$		$7,727		$2,060,822
2 (Oct. 31)		$43,600		$51,521		$		$

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.)