On 1/1/2021, Ronaldo issued 2 year, 6%, $100,000 bonds. The bonds pay interest on 6/30 and 12/31 of each year. The effective interest rate on these bonds at the time of issuance is 10%. The proceeds from the bond issuance (i.e., the price of the bond at the time of issuance) equal $92,908. Complete the following amortization table. Show all your computations for 6/30/2021 (you can do so on the back of this page), and be sure to round to cents.

Date	Interest Payment	Interest Expense	Amortization of Discount	Balance of Discount	Book Value of Bond
1/1/2021
6/30/2021
12/31/2021
6/30/2022
12/31/2022

Prepare the journal entry to record the issuance of the bonds

Prepare the journal entry to record the interest payment on 6/30/2021.