P$2.$ Vieques Corporation issues even more bonds. The stated rate on the bond exceeds the market rate. The

company issued $$150,000$ of $9\%$ three$-$year bonds at $101$ on January $1,2018.$ Interest is paid semiannually

on January $1$ and July $1.$ Woodworker uses the straight$-$line method of amortization.

The corporation would like to better understand the bond issue. Using the table below as a guide,

calculate the interest expense, amortization of any premium, and the carrying value of the bond at

the end of each year for the life of the bond.

Make the appropriate journal entries for each of the following events:

$2018$

January $1-$ Bond issuance

July $1-$ Interest payment

December $31-$ Record any accrued interest on the bonds

$2020$

December $31-$ Bond redemption at maturity

Submission

Please structure your tables to be similar to the ones above. You can copy and paste the blank tables if you

like. Type your journal entries below the tables or include them separately. Submit your completed