Interest Payment and Interest Expense (Effective Interest) Jones Manufacturing sold $194,000 of 10-year, 8% notes for $175,075. The notes were sold on January 1, 2024, and pay! interest semiannually on June 30 and December 31. The effective interest rate was 10%. Assume Cardinal uses the effective interest rate method. Required: 1. Prepare the entry to record the sale of the notes. If an amount box does not require an entry, leave it blank. 2024 Jan. 1 BB Record issuance of notes at discount 2. Determine the amount of the semiannual interest payments for the notes. 3. Prepare the amortization table through 2025. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". If required, round your answer to the nearest whole dollar. Jones Manufacturing Amortization Table Cash Interest Discount on Discount on Period Cash Interest Discount on Discount on Payment Expense Notes Payable Notes Payable (Credit) (Debit) (Credit) Balance At issue $ 6/30/24 12/31/24 6/30/25 Carrying Value 12/31/25 4. Prepare the entry for Jones' journal at June 30, 2024, to record the payment of 6 months' interest and the related interest expense. If an amount box does not require an entry, leave it blank. If required, round your answer to the nearest whole dollar. 2024 Jun. 30 Record interest expense BB 5. Determine interest expense for 2025. If an amount box does not require an entry, leave it blank. If required, round your answer to the nearest whole dollar