On January 1, 2015, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year.

Assuming the market interest rate on the issue date is 5%, the bonds will issue at $663,527.

A) Complete the first three rows of an amortization table

1/1/15 - Cash Paid - Interest Expense - Decrease in Carrying Value - Carrying Value

12/31/15 - Cash Paid - Interest Expense - Decrease in Carrying Value - Carrying Value

12/31/16 - Cash Paid - Interest Expense - Decrease in Carrying Value - Carrying Value

B)

Record the bond issue on January 1, 2015, and the first two interest payments on December 31, 2015, and December 31, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.) 1/1/2015 On January 1, 2015, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $663,527. Record the issuance of the bond. 12/31/2015 On January 1, 2015, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $663,527. Record the first semiannual interest payment. 12/31/2016 On January 1, 2015, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $663,527. Record the second semiannual interest payment.