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On July 1, 2021, East India Company issued $100,000, 15%, 9 year bonds, with interest payable semi annually. Market interest rate on the date of

On July 1, 2021, East India Company issued $100,000, 15%, 9 year bonds, with interest payable semi annually. Market interest rate on the date of issue was 12%. Issue price was $116,241. Prepare the amortization schedule and journalize the first two interest payments. Round off to the nearest dollar amount. a. Amortization Schedule Payment Interest Payment # 0 1 2 3 Interest Expense ii. First interest payment Change b. Journalize bond issuance and the first two interest payments. i. Bond issuance Discount/ Premiun $ Carrying Value $
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a. Anartiabion saturdie th. Journallae bond btuance and the fint two imeret parments. ii. Second interest payment

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