On June 30, 2017, the market interest rate is 24%. Armstrong Enterprises issues $10,000 of 3.4%, 16-year bonds at 112.838. The bonds pay interest on June 30 and December 31, Armstrong amortires bonds by the effective interest method Requirements 1. Prepare a bond amortization table for the first four manual interest periods. 2. Record instance of the bonds on June 30, 2017, the payment of interest at December 31, 2017, and the semi-annual interest payment on June 30, 2018 Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round your answers to the nearest whole dollar.) Armatrong Enterprises Amortization Table c Interest Expense Payment Premium Premium Account Bond Carrying Semi Annual (1.7% Preceding Bond Amortization Amount Interest Date Maturity Value) Carrying Amount (A-8) (D-C) (5510,000+ D) June 30, 2017 Dec 31, 2017 June 30, 2010 Dec 31, 2018 June 30 2019 Requirement 2. Record issuance of the bands on June 30, 2017, the payment of interest December 31, 2017, and the semi-annual interest payment on June 30, 2018. (Record debits first, then credits. Explanations are not required Round your answers to the nearest whole number.) Start by recording the issuance of the bonds on June 30, 2017. Journal Entry Date Accounts Debat Credit June 30 2017 Record the semi-annual interest payment on December 31, 2017 Journal Entry Date Accounts Debit Credit Dec 31 2017 Record the semi-annual interest payment on June 30, 2018. Journal Entry Accounts Debit Credit Date June 30 2018