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aestion 22 20 points On January 1, 2019, Gabi GoGo Company issued 550,000 of six year, 3% bonds when the market interest rate was 4%.

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aestion 22 20 points On January 1, 2019, Gabi GoGo Company issued 550,000 of six year, 3% bonds when the market interest rate was 4%. The bonds were inued for 547,356. Gabines the effective interest method of amortization for bond discount Semi n terest payments are made on June 30 and December 31 of each year. You can use the amortization table below to help you joumalize the issuance, and first two interest periods (template is just to help you organize your calculation) Discount Discount Balance Date Cash Paid Interest Expense Amortid Carrying Amount 63015 12/31/15 Record the Journal entries for following dates: 1/1/19 ( ance)

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