On June 30, 2017, the market interest rate is 5.1%. Chilliwack Enterprise issues $515000 of 6.1%, 11-year bonds at 113.944. The bonds pay interest on June 30 and December 31. Chilliwack Enterprise amortizes bonds by the effective-interest method.

Requirements: 1. Prepareeee a bond amortization table for the first four semi-annual interest periods. 2. Record issuance of the bonds on June 30, 2020, the payment of interest at December 31 2020, and the semi-annual interest payment on June 30, 2021.