Ben Norton, Inc. issued $100,000 of 13%, six-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) Upon Issuance of the bonds payable, the company received Requirement 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) Cash Paid Interest Expense Carrying Amortized Amount 01/01/2018 06/30/2018 12/31/2018 Requirement 3. Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by journalizing the issuance of the bonds on January 1, 2018. (Prepare a single compound entry.) Date 2018 Jan. 1 Accounts Debit Credit Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2018. (Prepare a single compound entry.) Date Accounts Debit Credit 2018 Jun. 30 Journalize the payment of the second semiannual interest amount and amortization of the bond on December 31, 2018. (Prepare a single compound entry.) Date Accounts Debit Credit 2018 Dec. 31