aud FW Saved Legacy issues $670,000 of 6.0%, four-year bonds dated January 1 2017 that pay interest semiannually on June 30 and December 31 They are issued at $624,896 and their market rate is 8% at the issue date. Required: 1. Prepare the January 1, 2017. journal entry to record the bonds issuance 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the January 1, 2017. journal entry to record the bonds issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of 5670,000 cash on January 1, 2017 at an issue price of $624,896. Dane Credi Data Journal entry worksheet Record the issue of bonds with a par value of $670,000 cash on January 1, 2017 at an issue price of $624,896. Note: Enter debits before credits. Date Jan 01, 2017 General Journal Debit Credit / 111 / / Record entry Clear entry View general journal Required 2 > Required: 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. 4. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 ognized over the bonds' life. Complete the below table to calculate the total bond interest expense to of brand interest expense over lite of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Tote band interest expense Graded HW Help Required 1 Required 2 Required 3 Required 4 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 Record the first interest payment on June 30, 2017. Notes Enter debits before credits Date General Journal Debit Credit Jun 30, 2017 Record entry Clear entry View general Journal Required 1 Required 2 Required 3 Required 4 Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the second interest payment on December 31, 2017. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2017 Record entry Clear entry View general Journal