On January 1, 2024, Universe of Fun issues $ 880,000, 7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $803,915. Interest is paid semiannually on June 30 and December 31

Part 1:

Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations Round your final answers to the nearest whole dollar.)

Part 2:

2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)

Record the bond issue.

Record the first semiannual interest payment.

Record the second semiannual interest payment.