On January 1, 2018, Splash City issues $40,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $374,826. Required in 5. Required 1. Complete the first three rows of an amortization table. Increase in Carrying Interest Carrying Value Expense Value Date Cash Paid 6/30/18 12/31/18 2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no e transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal