Accounts Debit N Credit 1 On January 1, Y1, Alabama Inc issued 5414000 face value bonds at 93 Date 2 These bond pay interest at an 75% annual rate and pay interest any times per year) 1 on January 1. April 1, July 1, and October 1 The bonds have a 10 year we Please record the issuance of the bonds on January 1, 2011 and the first quarterly interest payment on April 1,71 2 10 11 12 13 On January 1, 2022, Cardinal Corporation purchased a building for $5400000, paying cash of $900000 and financing the rest with a 30-year, 5% note, with monthly payments of $31500. Complete the loan amortization schedule below and prepare the journal entries for the first two loan payments. Loan amortization schedule: Date Payment Interest Principal Loan Balance 1 3 4 Debit Credit 5 7 8 Accounts Debit N Credit 1 On January 1, Y1, Alabama Inc issued 5414000 face value bonds at 93 Date 2 These bond pay interest at an 75% annual rate and pay interest any times per year) 1 on January 1. April 1, July 1, and October 1 The bonds have a 10 year we Please record the issuance of the bonds on January 1, 2011 and the first quarterly interest payment on April 1,71 2 10 11 12 13 On January 1, 2022, Cardinal Corporation purchased a building for $5400000, paying cash of $900000 and financing the rest with a 30-year, 5% note, with monthly payments of $31500. Complete the loan amortization schedule below and prepare the journal entries for the first two loan payments. Loan amortization schedule: Date Payment Interest Principal Loan Balance 1 3 4 Debit Credit 5 7 8