On December 31,2020, AbitibiBowater Connections issued 10%, 10-yearbonds payable with a maturity value of $500,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is 11%, and the issue price of the bonds is 94.04. AbitibiBowater Connections amortizes bonds by the effective-interest method.

DO REQUIREMENTS 1,2,3!! pleaseee

requirements

1.	Prepare an effective-interest-method amortization table for the first four semi-annual interest periods.
2.	Journalize the following transactions:

	a.	Issuance of the bonds on December 31, 2020. Credit Bonds Payable.
	b.	Payment of interest and amortization of the bonds on June 30, 2021.
	c.	Payment of interest and amortization of the bonds on December 31, 2021.

3.	Show how Digital Connections would report the remaining bonds payable on its balance sheet at December 31, 2021.

Requirement 1 (below image)

Requirement 2. Journalize the following transactions.

A. Issuance of the bonds at December 31,2020. Credit Bonds Payable.

B. Payment of interest and amortization of the bonds at June 30,2021.

C. Record the payment of interest and amortization of the bonds at December 31,2021.

Requirement 3. Show how AbitibiBowater Connections would report the remaining bonds payable on its balance sheet at December 31,2021.

Requirement 1. Prepare an effective-interest-method amortization table for the first four semi-annual interest periods. (Round your answers to the nearest whole dollar.) AbitibiBowater Connections Amortization Table \begin{tabular}{cccccc} & \multicolumn{1}{c}{ A } & B & C & D \\ & Interest & Interest Expense \\ & Payment & (5.5% of & Discount & Discount Account & Bond Carrying \\ Semi-annual & (5\% of & Preceding Bond & Amortization & Balance & (B-A) \\ Interest Date & Maturity Value) & Carrying Amount) \\ \hline 12312020 & & & \end{tabular}