Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 and their market rate is 10% at the issue date. ReferenceseBook & Resources

1.

Prepare the January 1, 2015, journal entry to record the bonds' issuance.

.2.	Determine the total bond interest expense to be recognized over the bonds' life.
	Amount repaid: par value at maturity total repaid less amount borrowed 3. prepare a straight line amortization table for the bonds frist 2 years 01/01/15 06/30/15 12/31/15 06/30/16 12/31/16 4. Prepare the journal entries to record the first two interest payments