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NEED NOW On December 31, 2024, when the market interest rate is 12%. Eryant Realty issues $600,000 of 13.25%,10 year bonds payable. The bonds pay

NEED NOW
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On December 31, 2024, when the market interest rate is 12%. Eryant Realty issues $600,000 of 13.25%,10 year bonds payable. The bonds pay interest sem annualy. Blyant Fealty recolved 5643,133 in cash at issuance. Requirements 1. Prepare an amortization table using the effective interest amortization mothod for the first two sorrianncal interest periods. (Round to the nearest doliac) 2. Using the amortization table prepared in Requitement 1, journalze issuance of the bonds and the first two interest payments: Requirement 1. Prepare an amortization table using the eflective interest amortization method for the first wo semiannual inlerest periods. (Round to the nearest dollar.) on the iast ine of the journal entry Resand your antwers to the nearest whote dotar.) Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30,2025

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