Courtenay General Stores Inc. is authorized to issue $540,000 of 8%, 10-year bonds. On December 31, 2020, when the market interest rate is 9%, the company issues $432,000 of the bonds and receives cash of $402,473. Courtenay General amortizes bonds by the effective-interest method. The semi-annual interest dates are January 31 and July 31. Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods. 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round the amounts to the nearest dollar.) Courtenay General Stores Inc. Amortization Table Semi-Annual Interest Date A B Interest Payment Interest Expense (4.5% (4.0% of Face of Preceding Bond Value) Carrying Amount) D Discount Amortization Discount Account (B-A) Balance (D-C) E Bond Carrying Amount ($432,000-D) Dec. 31, 2020 Jan. 31, 2021 July 31, 2021 Jan. 31, 2022 July 31, 2022 Requirement 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. Start by recording the issuance of the bonds on December 31, 2020. (Record debits first, then credits. Explanations are not required. Round the amounts to the nearest dollar.) Date Accounts Debit Credit Dec 31, 2020 Record the first semi-annual interest payment on January 31, 2021 Date Accounts Jan. 31, 2021 Debit Credit Record the second semi-annual interest payment on July 31, 2021. Date Accounts July 31, 2021 Debit Credit