Amortire count by interest Method On the first day of its fiscal year, the Company issued 24,000,000 of 5-year, o bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective interest rate of 10%, resulting in Ebert Company receiving cash of 522,145.710. The company uses the interest method. Journalize the entries to record the following 1. State of the bands. Round neurts to the nearest dole. For a compound transaction, it an amount box does not require an entry, leave it blank 72.147 Discount on Bonds Payable ods Pay 20.00 Cach 2. res semana trest payment, ducing motion of discount, Round to the nearest dolor. For a compound transaction, an amount box does not requr an entry leave it blank Disco Bonds Payable Cash 3. Second semaines, inding amortion of discount. Round to the nearest dolor. For a compound transaction, an amount box does not require an entry, leave it blank Don Bos Payable Content of the band for the best Round out to the nearest Dumortured willing to pay the face amount for bonds that pay a lower contractat