Parts Corporation issued $3,000,000 of 29. In order to expand and upgrade facilities All Sports Corporation mi-annually 8420-year bonds payable value on January 1. Interest is payables on June 30 and December 31. son January 1 (a) Prepare the general journal entry to record the issuance of the bondson pare the general journal entry to record the first interest payment on June Credit Debit (a) Date Account Credit Debit (b) Date Account 30. A company issues 8% two-year bonds on December 31, 2017 with a par value of $5,000 and semi-annual (6 month) interest payments. On the issue date the market rate for the bonds was 6%. This is equivalent to a price of 103.71 or $5,186. Prepare an amortization table for these bonds using the straight-line method. Period Semi-Annual Period End Date Unamortized Carrying Premium Value O (Issue Date) 4 (Maturity Date)