Pharoah Corporation issued $2.52 million of 7-year, 6% bonds dated January 1, 2021, for $2,253,809. The market interest rate when the bonds were issued was 8%. Interest is payable semi-annually on January 1 and July 1. Pharoah has a December 31 year end. Prepare an amortization schedule for the first three interest payments. (Round answers to 0 decimal places, eg. 5,276.) PHAROAH CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 6% Bonds Issued at market rate of 8% Date Interest Payment Interest Expense Discount Amortization Bond Amortized Jan. 1. 2021 $ $ $ $ July 1. 2021 Jan. 1. 2022 Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 6% Bonds Issued at market rate of 8% Date Interest Payment Interest Expense Discount Amortization Bond Amortized Jan. $ $ $ 1, 2021 $ July 1. 2021 Jan. 1. 2022 July 1. 2022 List of Accounts List of Accounts Prepare the journal entry to record the first interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation July 1, 2021 (To record interest payment.) List of Accounts Prepare the adjusting journal entry on December 31, 2021, to accrue the interest expense. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 (To accrue interest expense.) List of Accounts LIST OT Accounts Prepare the journal entry for the payment of interest on January 1, 2022. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1, 2022 (To record interest payment.)