Entries for tssuing Bonds and Amortiring Disceunt by Straight-Line Method The bends were issued at a market (effoctive) ingerest rate of 1046, resulting in Jocinto Company receiving cash of $10,427,405. a. Joumalize the entries to record the following 1. Issuance of the bonds. 2. First semiannual interest payment. The bond discount amortiation is combined with the semiannual interest payment. 3. Second semiannuat interest poyment. The bond discount amortizssion is combined with the semiannual interest payment. If an amount box does not reauire an entru. leavn it blank. Reund your answers to the nearest dollar. b. Determine the amount of the bond interent expense for the fint year dound your answer to the neareot dellar. c. Why was the mmpany abie to iuse the bonds for oniv 510,427,405 a ather than for the foce amount of 411,300,0607 The market rote of interest is the contract rate of interev