Note Interest Payment and Interest Expense (Effective Interest) Jones Manufacturing sold $210,000 of 10 -year, 8% notes for $175,075. The notes were sold on January 1,2024 , and pay interest semiannually on June 30 and Decembe 31. The effective interest rate was 10%. Assume Cardinal uses the effective interest rate method, Required: 1. Prepare the entry to record the sale of the notes. If an amount box does not require an entry, leave it blank. 2024Ja.1 mecuru issuance or notes at discount Fredock * Check My Work 1. When notes are issued, any premium or discount is recorded in a separate valuation account. 2. Determine the amount of the semiannual interest payments for the notes. Prepare the amortization table through 2025. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0", If required, round you iswer to the nearest whole dollar. Jones Manufacturing Amortixation Table Feedsack F creck My Wok 3. An amortization table helps calculate the proper amortization of note premium or discount. They are particularly helpful when, as in this problem, the effective. interest rate method is used. 4. Prepare the entry for Jones' joumal at June 30,2024 , to record the paryment of 6 months' interest and the related interest expense. If an amount box does not require an entry, leave it blank, If required, round your answer to the nearest whole dollar. 2024 Jun. 30 . Prepare the entry for Jones' joumal at June 30,2024 , to record the payment of 6 months' interest andlthe related interest expense. If an amount box does not equire an entry, leave it blank. If required, round your answer to the nearest whole dollar. 2024 Jun. 30 Record interest expense Fextack T check ity w 4. The amortization table provides the doliar amounts necessary to complete the journal entry. 5. Determine interest expense for 2025. If an amount box does not require an entry, leave it blank. If required, round your answer to the nearest whole dollar