Chapter 9 Quiz Seved Help Save & Exit Submit 9 Un January 1, 2021, a company issues poUU,UUU UI 00 bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850. Required: 1. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 856.850 06/30/2021 32,000 $ 12/31/2021 32.000 29.990S 29,919 2,010 854.840 2.081 852.750 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the semi-annual interest payment on December 31, 2021. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View genera Chapter 9 Quiz Saved Help Save & Exit Submit 9 U11 January 1, 2021, a company issues jou, ID bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850. Required: 1. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount.) Date 01/01/2021 06/30/2021 12/31/2021 Cash Paid Interest Expense Change in Carrying Value Carrying Value 856,850 S 32,000 $ 32,000 29,990 $ 29,919 2.010 854,840 2,081 852,759 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet < Record the semi-annual interest payment on June 30, 2021. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit View general Record entry Clear entry