On January 2, 2021 Albert Company issued 3 year, 7% bonds with a face value of $1,000,000. The bonds issued for $948,421 and pay interest semi-annually each June 30 and December 31. The effective rate of interest was 9%. Leroy Company purchased 20% of the bond issue and properly classified the investment as HTM.

Leroys journal entries

1. Purchase on 01/02/2021

2. Show the amortization table.

Date	Interest payment	Interest revenue	Amortized	Carrying value
01/02/21
06/30/21
12/31/21
06/30/22
12/31/22
06/30/23
12/31/23