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On January 1, 2018, Splash City issues $400,000 of 8% bonds, due in 15 years with interest payable semiannually on June 30 and December 31

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On January 1, 2018, Splash City issues $400,000 of 8% bonds, due in 15 years with interest payable semiannually on June 30 and December 31 each year Assuming the market interest rate on the issue date is 7%, the bonds will issue at $.436,785. 10.00 points Required Information Required: 1. Complete the first three rows of an amortization table. ecrease Cash Paid Expense Value Value 6/30118 12/3118 13. 0.0 Required Information 10.00 points 2. Record the bond issue on January 1, 2018, and the first two semlannual Interest payments on June 30, 2018, and December 31, 2018.(If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the bond issue. Nate: Enter dehits hefore credits Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal

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