On December 31, 2024, when the market interest rate is 4%, O'Brien Realty issues $400,000 of 5.25%, 10-year bonds payable. The bonds pay interest semiannually. O'Brien Realty received $440,886 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. Cash Paid Interest Expense Premium Amortized Carrying Amount 440,886 12/31/2024 06/30/2025 12/31/2025 8818 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 Start by journalizing the issuance of the bonds on December 31, 2024. Date 2024 Dec. 31 Cash Accounts and Explanation Premium on Bonds Payable Bonds Payable Debit Credit 440,886 40,886 400,000 Issued bonds at a premium. Journalize the payment of the first semiannual interest amount and amortization of the bond on June 30, 2025. Date Accounts and Explanation 2025 Jun. 30 Interest Expense Premium on Bonds Payable Debit Credit 12009 4087