On January 1, 2020, Wallace Enterprises, Inc. issued $50,000 of 4%, semi-annual interest bonds with a 10-year term for proceeds totaling $54.292. At that time, the market rate of interest on similar bonds was 3%. Interest payment dates are July 1st and January 1st. Wallace Enterprises, Inc uses the effective-interest method to account for its bonds, as required under IFRS. Part A Complete the amortization schedule for the first three bond payments by filling in the missing amounts in the table below (the first row is completed for you). ENTER ALL AMOUNTS IN WHOLE POSITIVE NUMBERS ONLY, ROUNDED TO THE NEAREST DOLLAR. DO NOT USE DOLLAR SIGNS, COMMAS, OR ANY OTHER SPECIAL CHARACTERS. Date Carrying Value - Beg Interest Expense Interest Payment Premium Amortization Remaining Unamortized Carrying Value - End. Premium 1/1/2020 4292 54292 7/1/2020 1/1/2021 7/1/2021 Part 3 Assume Wallace Enterprises, Inc. has a June 30th year-end and uses the simplified effective interest method shown in your textbook to deal with bond premiums/discounts. Prepare the journal entry to record the accrual of interest for June 30, 2020. Round your answer to the nearest dollar leg. $135.60 would be entered as 136). Account Name Debit Credit