Ben Norton, Inc. issued $650,000 of 7%, 12-year bonds payable on January 1, 2024. The market interest rate at the date of issuance was 6%, and the bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) Read the requirements. (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.) Interest Carrying Cash Paid Expense Amortized Amount 01/01/2024 06/30/2024 12/31/2024 Requirement 3. Journalize the issuance of the bonds on January 1, 2024, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2024, and December 31, 2024. 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, 2024. (Prepare a single compound entry.) Date 2024 Jan. 1 Accounts Debit Credit Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2024. (Prepare a single compound entry.) Data Accounta Dahit Credit Next Ben Norton, Inc. issued $650,000 of 7%, 12-year bonds payable on January 1, 2024. The market interest rate at the date of issuance was 6%, 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.) Date 2024 Jan. 1 Accounts Depit Creait Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2024. (Prepare a single compound entry.) Date Accounts Debit Credit 2024 Jun. 30 Journalize the payment of the second semiannual interest amount and amortization of the bond on December 31, 2024. (Prepare a single compound entry.) Date Accounts Debit Credit 2024 Dec. 31 Novt