K On December 31, 2024, when the market interest rate is 16%, Vincent Realty issues $500,000 of 14.25%, 10-year bonds payable. The bonds pay interest semiannually. The present value of the bonds at issuance is $457,266. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Requirement 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 12/31/2024 06/30/2025 12/31/2025 Cash Paid Interest Expense I Amortized Carrying Amount Incor o) (14/14)

On December 31,2024 , when the market interest rate is 16%, Vincent Realty is5ues $500,000 of 14.25%, 10 -year bonds payable. The bonds pay interest semiannually. The present value of the bonds at issuance is $457,266. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1 , joumalize issuance of the bonds and the first wo interest payments. Requirement 1. Prepare an amortization table using the eflective interest amonization method for the first two Semiannual interest periods. (Round to the nearest dollar.)