Nash Corporation wished to raise money for a series of upcoming projects. On July 1, 2020, the company issued bonds with a face value of $5,087,000 due in 5 years, paying interest at a face rate of 8% on January 1 and July 1 each year. The bonds were issued to yield 6%. Nash used the effective interest method of amortization for bond discounts or premiums. The companys year-end was September 30.

Prepare a complete Bond Premium/Discount Amortization Schedule (i.e. all five years) for Nash Corporation. (Round answers to O decimal places, e.g. 5,275.) Date Cash Paid Amortized Interest Expense Carry 1-Jul-2020 1-Jan-2021 1-Jul-2021 1-Jan-2022 1-Jul-2022 1-Jan-2023 1-Jul-2023 1-Jan-2024 1-Jul-2024 1-Jan-2025 1-Jul-2025 $ $ WIT $ $ JOU $ $ $ Prepare the journal entry to record the issue of the bonds. (Round answer to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit July 1, 2020 eTextbook and Media List of Accounts Prepare any required accrual entry at September 30, 2020. (Round answer to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 30, 2020