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General Autoparts Inc. issued $120,000 of 9%,10-year bonds at a price of 82 on January 31,2020 . The market interest rate at the date of
General Autoparts Inc. issued $120,000 of 9%,10-year bonds at a price of 82 on January 31,2020 . The market interest rate at the date of issuance was 11%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record General's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31,2020 . Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) 2. Record General's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31 , 2020. (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31,2020 . 2. Record General's issuance of the bonds on January 31,2020 , and payment of the first semi-annual interest amount and amortization of the bonds on July 31,2020 . (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31,2020
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