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Aqua Zone issues $1.2 million, 7 % bonds on January 1, 2021, that mature in twenty years. The market interest rate for bonds of similar

Aqua Zone issues $1.2 million, 7 % bonds on January 1, 2021, that mature in twenty years. The market interest rate for bonds of similar risk and maturity is 6% and the bonds issue for $1,338,689. Interest is paid semi-annually on June 30 and December 31. Required: 1. Complete the first three rows of an amortization schedule. 2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, 2021 and December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 and 3 Record the issuance of the bonds on January 1, 2021 the interest payments on June 30, 2021 and December 31, 2021. (If no journal entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet image text in transcribed

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