Legacy issues $670,000 of 6.0%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $624,896 and their market rate is 8% at the issue date.

1.	Prepare the January 1, 2013, journal entry to record the bonds' issuance

4.	Prepare the journal entries to record the first two interest payments.

3.	Prepare a straight-line amortization tablefor the bonds' first two years.