On January 1, 2021, Splash City issues $440,000 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 8%, the bonds will issue at $483,544.

Required:

1. Complete the first three rows of an amortization table. (Round your final answers to the nearest whole dollar.)

2. Record the bond issue on January 1, 2021, and the first two semiannual 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 final answers to the nearest whole dollar.)

Decrease in Interest Carrying Value Date Cash Paid Carrying Value Expense 1/1/21 6/30/21 12/31/21 2 Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021