On June 30, 2020, Headland Company issued $4,180,000 face value of 13%, 20-year bonds at $4,494,460, a yield of 12%. Headland uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. (a) Prepare the journal entries to record the following transactions. (Round answer to decimal places, eg. 38,548. I no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually) (1) (2) The Issuance of the bonds on June 30, 2020 The payment of interest and the amortization of the premium on December 31, 2020. The payment of interest and the amortization of the premium on June 30, 2021. The payment of interest and the amortization of the premium on December 31, 2021 (3) (4) 3 4 5 6 7 8 Instructions: 1. Open the Bond Bonus Problem in Wileyplus. Enter the provided items for your problem: Bond Face Value $ 4,180,000 Bond Stated Rate 13% Bond Market Rate 12% Number of years 20.00 Bond Interest Payment $ 9 10 12 13 16 15 16 In the boxed cell below, compute the Present Value of the bonus using the Excel PV function. Excel Computed Bond Present Value: WileyPlus Selling Price (PV): s Note: Due to rounding in Wileyplus, the present value may be slightly off from selling price (PVi 18 2. Complete the amortization table. mortization table