Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $624,896 when the market rate is 8%. Record the issue of bonds with a par value of $670,000 on January 1, 2021 at an issue price of $624,896. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal 2. Determine the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense 3. Prepare a straight-line amortization table for the bonds' first two years. nearest whole dollar.) Unamortized Semiannual Period-End Discount Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Journal entry worksheet Record the interest payment and amortization on December 31. Note: Enter debits before credits. Date December 31 General Journal + Debit Credit Record entry Clear entry View general journal