On January 1, when the market interest rate was 9 percent, Selton Corporation completed a $200,000, 8 percent bond issue for $187,163. The bonds were dated January 1, pay interest each December 31, and mature in ten years. Selton amortizes the bond discount using the straight-line method. Assume Selton Corporation uses the effective-interest method to amortize the bond discount. Required: 1. Prepare the journal entry to record the bond issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bonds. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal 2. Prepare the journal entry to record the interest payment on December 31. (If no entry is required for a 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 interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal 3. Prepare a bond discount amortization schedule for these bonds. (Round your answers to the nearest dollar amount.) Changes During the Period Ending Bond Liability Balances Period Ended Interest Expense Cash Paid Interest Bonds Expense Payable Discount on Bonds Payable Carrying Value Start Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr 6 End Yr 7 End Yr 8 End End Yr 10 End Yr 9E