Ben Norton issued $100,000 of 9%, 12-year bonds payable on January 1, 2016. The market interest rate at the date of issuance was 8%, and the bonds pay interest semiannually. (Click the icon to view the Present Value of $1 table.), (Click the icon to view the Future Value of $1 table.) Read the requirements. (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of Annuity of $1 table.) Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest whole 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 all numbers to the nearest whole dollar.) Cash Paid Interest Expense Carrying Amortized Amount 01/01/2016 06/30/2016 12/31/2016 Requirement 3. Journalize the issuance of the bonds on January 1, 2016, and payment of the first semiannual interest amount and amortization of the bond on June 30, 2016. 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, 2016. (Prepare a single compound entry.) Date A 19 2016 re Jan. 1 OD Accounts Debit Credit Requirement 3. Journalize the issuance of the bonds on January 1, 2016, and payment of the first semiannual interest amount and amortization of the bond on June 30, 2016. 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, 2016. (Prepare a single compound entry.) 50 MA Date 2016 Jan. 1 Accounts Debit Credit Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2016. (Prepare a single compound entry.) Date 2016 Jun. 301 Accounts Debit Credit