On June 30, 2020, the market interest rate is 5.1%. Colwood Enterprises issues $500,000 of 6.1%, 13-year bonds at 110.625. The bonds pay interest on June 30 and December 31. Colwood amortizes bonds by the effective-interest method. Requirements 1. Prepare 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. Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round your answers to the nearest whole dollar.) Colwood Enterprises Semi-Annual Interest Date June 30, 2020 Dec. 31, 2020 June 30, 2021 Dec. 31, 2021 June 30, 2022 Amortization Table C Premium Amortization (A-B) D E Premium Account Balance (D-C) Bond Carrying Amount ($500,000+ D) A Interest Payment (3.05% of Maturity Value) B Interest Expense (2.55% of Preceding Bond Carrying Amount) Requirement 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. (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, 2020. Date June 30, 2020 Accounts Record the semi-annual interest payment on December 31, 2020. Date Dec. 31, 2020 Accounts Record the semi-annual interest payment on June 30, 2021. Date June 30, 2021 Accounts Debit Credit Debit Credit Debit Credit Requirement 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. (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, 2020. Date June 30, 2020 Accounts Accounts Payable Record the semi- Bonds Payable Date Cash Dec. 31, 2020 Discount on Bonds Payable Interest Expense Record the semi Interest Payable Debit Credit Debit Credit Date June 30, 2021 Premium on Bonds Payable Debit Credit