PROBLEM 08 - JOURNAL ENTRIES AND AMORTIZATION SCHEDULE Using an amortization schedule for information about bond journal entries. On January 1, 2006 Hanouille Inc. issues 10 percent, semiannual coupon bonds maturing five years from the date of issue. Interest of 5 percent of the face value of $100,000 is payable January 1 and July 1. The bonds are issued to yield 12 percent, compounded semiannually. REQUIRED: a. What are the initial issue proceeds received by Hanouille Inc.? b. Prepare an amortization schedule for the Bonds c. Prepare the journal entry to record the bond issue d. Prepare the journal entry at June 30, 2006 e. How would the bonds be reported on the December 31, 2006 balance sheet? f. How would the bonds be reported on the December 31, 2008 balance sheet g. What Interest Expense would be reported for 2006? h. What Interest Expense would be reported for 2008? D