Problem 9-4A Prepare a bond amortization schedule and record transactions for the bond issuer (LO4) On January 1, 2015, Universe of Fun issues $820,000, 7% bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $738,850. Interest is paid semiannually on June 30 and December 31.

Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2015. (If no journal entry is required for a transaction, select "No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.)

Problem 9-4A Part 1 Required 1. Complete the first three rows of an amortization schedule Increase in Date Cash Paid Interest Expense Carrying Value Carrying Value 01/01/15 06/30/15 12/31/15 Journal Entry Worksheet On January 1, 2015, Universe of Fun issues $820,000, 790 bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 896, and the bonds issue for $738,850. Interest is paid Date General Journal Debit Credit January 01, 2015 Enter debits before credits done ar entry record entry Journal Entry Worksheet 023 On January 1, 2015, Universe of Fun issues $820,000, 790 bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 896, and the bonds issue for $738,850. Interest is paid Date General Journal Debit Credit June 30, 2015 Enter debits before credits done ar entry record entry Journal Entry Worksheet 08 On January 1, 2015, Universe of Fun issues $820,000, 790 bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 896, and the bonds issue for $738,850. Interest is paid Date General Journal Debit Credit December 31, 2015 Enter debits before credits done clear entry record entry