Question 1 Not yet answered Bond amortization schedule and journal entries 27 minutes On April 1, 2020, Balsam Company issues a $1,000,000 10-year 4% bond. The market rate of interest is 5%. As the market rate is higher than the bond rate, the bonds issue at a discount. The bond quote is 92.205. The bonds pay interest semi-annually on April 1 and October 1. The Company's fiscal year end is October 31. Marked out of 11.00 P Flag question Required: a) Prepare a bond amortization schedule for the issuance and the first two interest periods. b) Record the journal entry required on: i. The issuance of the bond (April 1, 2020) ii. The company's fiscal year-end (October 31, 2020) iii. The second interest payment (April 1, 2021)