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On June 30, ZOXO, Score Sports Ltd issues $1,000,000 of 8% fiveyear bonds when the market interest rate is 6%. The issue price is $1,084,249.

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On June 30, ZOXO, Score Sports Ltd issues $1,000,000 of 8% fiveyear bonds when the market interest rate is 6%. The issue price is $1,084,249. The bonds pay interest on July 1 every year. Score Sports Ltd amortizes bonds by the effectiveinterest method. Required 3. Prepare a bond amortization table for the five annual interest periods. Record the issuance of bonds payable on June 30, ZOXO, the first interest expense and the interest payment

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