On January 1, Year 1, a company issues $340,000 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 10%, the bonds will issue at $310,831.

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

2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1.

Change in Carrying Interest Date Cash Paid Carrying Value Expense Value 1/1/Year 1 6/30/Year 1 12/31/Year 1 View transaction list View journal entry worksheet No Date General Journal Debit Credit No Transaction Recorded 1 January 01 2 June 30 No Transaction Recorded 3 December 31 No Transaction Recorded