On January 1, 2024, a company issues $410,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $374,826. Required: 1. Complete the first three rows of an amortization schedule. 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.

On January 1,2024 , a company issues $410,000 of 9% bonds, due in 20 years, with interest payable semiannually on June su and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $374,826. Required: 1. Complete the first three rows of an amortization schedule. 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 . Record the first semiannual interest payment. Note: Enter debits before credits. Record the second semiannual interest payment. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & Cash Paid & Interest Expense & \begin{tabular}{c} Change in Carrying \\ Value \end{tabular} \\ \hline 1/1/2024 & & & \\ \hline 6/30/2024 & & & \\ \hline 12/31/2024 & & & \\ \hline \end{tabular} Record the bond issue. Note: Enter debits before credits