Pharoah Corporation issued $420,000 of 5-year bonds on April 1, 2023. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Interest Period Payment Interest Expense Amortization Carrying Amount of Bonds Apr.1.2023 $439.367 Oct. 1, 2023 $8,400 $6,591 $1.809 437.558 Apr. 1, 2024 8,400 6.563 1,837 435,721 Oct. 1, 2024 8,400 6,536 1.864 433,857 Apr. 1.2025 8,400 6,508 1,892 431,965 Oct. 1, 2025 8,400 6,479 1.921 430,044 Apr. 1, 2026 8,400 6.451 1.949 428,095 (d) Your answer is partially correct. What will be the total interest payments over the five-year life of the bonds? Total interest expense? Total interest payments Total interest expense eTextbook and Media List of Accounts Question Part Score (e) $ 84000 65226 Attempts: 2 of 2 used Prepare the journal entry to record the issuance of the bond. (List debit entry before credit entry 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 O for the amounts.) Date Account Titles Apr. 1, 2023 Debit Credit 1/2