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Extra Practice on Bond Amortization un December 1, 2019, Awesome Art Company decides to issue a $500,000, 8%, 3 year bond interest semiannually on June

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Extra Practice on Bond Amortization un December 1, 2019, Awesome Art Company decides to issue a $500,000, 8%, 3 year bond interest semiannually on June 1 and December 1 of each year. The market rate of interest was o 1. Compute the effective interest method chart for the above listed bond. 2. Prepare the journal entries required for 2019, 2020, 2021 and 2022, including the payoff of the bond at maturity

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