On June 30, 2018, the market interest rate is 7% First Base Corporation issues $750,000 of 11%, 30-year bonds payable The bonds pay interest on June 30 and December 31 The company amortizes bond premium using the effective interest method Read the requirements Enter the banue date information, then complete the table for each of the following semiarinu al interest periods (Round your answers to the nearest wole dollar) First Base Corporation Amortization Table Seminar Interest Interest Premium Premium Account Bond Carrying Interest Penod Payment Expense Amortization Balance Amount Jun 30, 2018 Dec 31 2018 Jun 30, 2019 - Dec 31, 2019 Jun 30, 2020 Requirement 3. Record the issuance of bonda payable on June 30, 2018 the payment of interest on December 31, 2018, and the payment of interest on June 30, 2019 Record debits first, then credits Exdude explanations from all journal entries Start by recording the issuance of the bond on June 30, 2010 Journal Entry Date Accounts Debit Credit Jun 30, 2018 m Choose from any list or enter any number in the input fields and then continue to the next question On June 30, 2018, the market interest rate is 7%. First Base Corporation issues S750,000 of 11%, 30-year bonds payable. The bonds pay interest on June 30 and December The company amortizes bond premium using the effective interest method Read the requirements Date Accounts Debit Credit Jun 30, 2018 Record the semiannual interest payment on December 31, 2018 Journal Entry Date Accounts Debit Credit Dec 31, 2018 Record the semiannual interest payment on June 30, 2019 Journal Entry Accounts Debit Credit Date Jun 30, 2010 n Requirements - X an Jo un 1. Use the PV function in Excel to calculate the issue price of the bonds. 2. Prepare a bond amortization table for the first four semiannual interest periods 3. Record the issuance of bonds payable on June 30, 2018, the payment of interest on December 31, 2018, and the payment of interest on June 30, 2019 ton Print Done JO counts Debit Credit