ASAP

Pilot Corp. issued $200,000, 6%, 5-year bonds on December 31, 2019 Interest is to be paid semi-annually on June 30 and December 31. The company uses the effective interest method for amortization. Required: Prepare the journal entry to record i. the issuance of the bonds on the date of issue at $191,683, market interest rate 7% Date Account DR CR ii. Perform calculation for the first 6 interest instalments only in the following table. Period Ending Cash Interest Paid Period Interest Expense ) Amortization Unamortized ( ) Carrying Value iii. Record the 3rd interest payment in Journal Account Date DR CR