General Autoparts Inc. issued $150,000 of 6%, 10-year bonds at a price of 83 on January 31, 2020. The market interest rate at the date of issuance was 9%, 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.) A General Autoparts B Amortization Table C Semi-annual Interest Date Jan. 31, 2020 Interest Payment Interest Expense (4.5% of Bond Discount Preceding Bond Carrying Amortization (B Amount) -A) (3% of Maturity Value) July 31, 2020 Jan. 31, 2021 D E Bond Discount Account Balance (Preceding D - C) Bond Carrying Amount ($150,000 - D) July 31, 2021 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. Date Jan. 31, 2020 Accounts Debit Credit Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Date July 31, 2020 Accounts Debit Credit