Homework Chapter #9 Seved 9 Part 1 of 2 Required Information [The following information applies to the questions displayed below.] On January 1, 2021. White Water issues $550.000 of 5% bonds, due in 15 years, with Interest payable annually on December 31 each year. Assuming the market Interest rate on the issue date is 6%, the bonds will issue at $496,585. 7.69 points 04:20:33 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) eBook Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value Hins 01/01/2021 12/31/2021 12/31/2022 Print References 2 Record the bond issue on January 1, 2021, and the first two Interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction Mat Journal entry worksheet