On January $1,2022,$ Pirate Industries issued $$500,000$ bonds payable with a stated interest rate of $6\%.$ Interest is paid semiannually, each June $30$ and December $31.$ The bonds mature in $3$ years. The bonds sold to yield an effective market rate of $4\%.$

Prepare the journal entry Pirate Industries will make when they issue the bonds on January $1,2022.$ Show your inputs in calculating the amounts for your journal entry.

Prepare an effective interest rate table $($amortization schedule$)$ for the bonds for the period from January $1,2022$ through December $31,2024.$ You can copy and paste the blank table below into your answer, and then fill your alswer into the boxes. $($I have provided this to try to help you, but if you cannot get the copy$/$paste function to work on your computer, format however is easiest for you.$)$