General Autoparts Inc. issued $180,000 of 8%. 10-year bonds at a price of 83 on January 31, 2017. 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, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. 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) General Autoparts Amortization Table Interest Payment (4% of Maturity Value) interest Expense (5.5% of Preceding Bond Carrying Amount) Bond Discount Amortization (8. A) Bond Discount Account Balance Preceding D.C) Bond Carrying Amount $180,000 -D) Semi-annua Interest Date Jan 31, 2017 July 31, 2017 Jan 31, 2018 31. 2018 2. Record General's issuance of the bonds on January 31, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. (Record debits first, then credits. Explanations are ni required.) Start by recording the issuance of bond on January 31, 2017 Journal Entry Accounts 2017 Debit Credit an 31 Now, record the payment of the first manual interes amount and motion of the bonds on July 31, 2017 Journal Entry 2017 Accounts Debit Credit July 31