prepare the entry to record the first interest payment. date the entry.

Required Information On January 1, 2021, Blue Hat Company issues a bond with a maturity on December 31, 2021. The market rate is 7%. Coupon rate is 6%. Interest is paid each June 30 and December 31. Assume at Dec 31, year end. Blue Hat Company's accounting staff properly prepared a bond amortization schedule below. 6 Period Ending Cash Interest paid Period Interest Expense 12/31/2019 6/30/2020 45,000 48,7691 12/31/2020 45,000 48,901 6/30/2021 45,000 49,038) 12/31/2021 45,000 49,179 6/30/2022 45,000 49,325 12/31/2022 45,000 49.477 6/30/2023 45,000 49,633 12/31/2023 45,000 49,796 6/30/2024 45,000 49,963 12/31/2024 45,000 50,137 6/30/20251 45,000 50,317 12/31/20251 45,000 50,503 6/30/20261 45,000 50,6961 12/31/2026 45,000 50,895 6/30/2027 45,000 51,101 12/31/2027 45,000 51,315 6/30/2028 45,000 51,536 12/31/2028 45,000 51,765 6/30/2029 45,000 52,001 12/31/2029 45,000 52,2461 Carrying Value 1,393,407 1,397,176 1,401,077 1,405,115 1,409,294 1,413,619 1,418,096 1,422,729) 1,427,525 1,432,488 1,437,625 1,442,942 1.448,445 1,454,141 1.460,036 1,466,137 1,472,452 1,478,988 1,485,752 1,492,754 1,500,000 Prepare the entry to record the first interest payment. Date the entry