On December 31, 2018, when the market interest rate is 12%, Willis Realty issues $400,000 of 13.25%, 10-year bonds payable. The bonds pay interest semiannually. Willis Realty received $428,755 in cash at issuance. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Requirement 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) Interest Carrying Cash Paid Expense Amortized Amount 12/31/2018 06/30/2019 12/31/2019 On December 31, 2018, when the market interest rate is 12%, Willis Realty issues $400,000 of 13.25%, 10-year bonds payable. The bonds pay interest semiannually. Willis Realty received $428,755 in cash at issuance. Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.) 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. Requirement 2. Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments. (Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) Start by journalizing the issuance of the bonds on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 31