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Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.] Legacy issues $700,000 of 7.5%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10%. Problem 14-4A (Algo) Part 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet 2 Record the interest payment and amortization on June 30. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on December 31 . Note: Enter debits before credits