Page > of 2 ZOOM Before you begin, print out all the pages in this workbook. Otter Products Inc. issued bonds on January 1, 2019. Interest is to be paid semi- Term in years: Face value of bonds issued: $200,000 Issue price: $206,000 Specified interest rate each payment period: 635 Required: 1 Calculate: a. The amount of interest paid in cash every payment period. b. The amount of amortization to be recorded at each interest payment date (use 2 Complete this amortization table by calculating interest expense, and beginning and Amortization Table B D E (A+D) Beg. Actual Periodic bond Periodic cash discount Ending bond Period carrying interest Interest (prem.) carrying Year ending amount expense pald amort. amount 2019 Jun 30 Dec. 31 2020 Jun 30 Dec. 31 2021 Jun 30 Dec. 31 3 Calculate the actual interest rate under the straight-line method of amortization for A B Year Six month Bond Six-month period carrying interest 96 ending amount expense (B/A) 2019 Jun 30 Dec. 31 2020 Jun 30 Dec. 31 2021 Jun 30 Dec. 31 4 Prepare the journal entry for December 31, 2019 8 o