Problem $10-4$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2[$The following information applies to the questions displayed below.$]$ Legacy issues $$580,000$ of $8\mathrm{.}0\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$507,959$ when the market rate is $12\%.$ Problem $10-4$A $($Algo$)$ Part $22.$ Determine the total bond interest expense to be recognized over the bonds' life. Answer is complete but not entirely correct. Total bond interest expense over life of bonds: Amount repaid: $8$ payments of $ $22,100$ $ $176,800580,000$ Total repaid $756,800$ Less amount borrowed $507,959$ Total bond interest expense $248,841$ Par value at maturity $Required information Problem $10-4$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2[$The following information applies to the questions displayed below.$]$ Legacy issues $$580,000$ of $8\mathrm{.}0\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$507,959$ when the market rate is $12\%.$ Problem $10-4$A $($Algo$)$ Part $33.$ Prepare a straight$-$line amortization table for the bonds' first two years. $($Round your intermediate and final answers to the nearest whole dollar.$)$ Semiannual Period$-$End Unamortized Discount Carrying Value $01/01/2021$ $ $507,95906/30/202112/31/202106/30/202212/31/2022$Problem $10-4$A $($Algo$)$ Straight$-$Line: Amortization of bond discount LO P$2[$The following information applies to the questions displayed below.$]$ Legacy issues $$580,000$ of $8\mathrm{.}0\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$507,959$ when the market rate is $12\%.$ Problem $10-4$A $($Algo$)$ Part $44.$ Prepare the journal entries to record the first two interest payments. View transaction list View journal entry worksheet No General Journal Debit Credit $1$ Bond interest expense Discount on bonds payable Cash $2$ Bond interest expense Discount on bonds payable Cash Date June $30$ December $31$