K Question 9 of 10 > This test: 100 point(s) possible This question: 22 point(s) possible Submit test Chilliwack General Stores Inc. is authorized to issue $570,000 of 8.2%, 10-year bonds. On December 31, 2020, when the market interest rate is 9.2%, the company issues $456,000 of the bonds and receives cash of $424,832. Chilliwack General amortizes bonds by the effective-interest method. The semi-annual interest dates are January 31 and July 31. Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods. 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round the amounts to the nearest dollar.) Chilliwack General Stores Inc. Amortization Table Semi-Annual nterest Date ec. 31, 2020 an. 31, 2021 uly 31, 2021 an. 31, 2022 A B Interest Payment (4.1% of Face Value) Interest Expense (4.6% of Preceding Bond Carrying Amount) C Discount Amortization (B-A) D Discount Account Balance (D-C) E Bond Carrying Amount ($456,000-D) uly 31, 2022 quirement 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. rt by recording the issuance of the bonds on December 31, 2020. (Record debits first, then credits. Explanations are not required. Round the amounts to the nearest dollar.) Date ec. 31, 2020 Accounts cord the first semi-annual interest payment on January 31, 2021. Date an. 31, 2021 Accounts Debit Credit Debit Credit Time Remaining: 01:19:27 Next