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On January 1, 2021, a company issues $720.000 of 8% bonds, due in twelve years, with interest payable semiannually on June 30 and December 31

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On January 1, 2021, a company issues $720.000 of 8% bonds, due in twelve years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $667.816. Required: 1. Fill in the blanks in the amortization schedule below. (Round your answers to the nearest collar amount. Enter all amounts as positive values.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 2 Record the band issue on January 1, 2021. and the first two semi-annual interest payments on June 30, 2021. and December 31, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 3 Record the bond issue on January 1, 2021. Note: Enter debits before credits Date General Journal Debit Credit January 01. 2 Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the semi-annual interest payment on June 30, 2021. Note Enter debit before credits Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general al 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021 Of no entry is required for a particular transaction/event, select 'No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet

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