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Ike issues $150,000 of 11%, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at
Ike issues $150,000 of 11%, three-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at $153,805 when the market rate is 10%. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 3. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the first interest payment on June 30 . Note: Enter debits before credits. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the second interest payment on December 31 . Note: Enter debits before credits
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