Record the issue of bonds with a par value of $4,000,000 cash on January 1, 2017 at an issue price of $3,456,448. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01, 2017 | For each semiannual period, complete the table below to calculate the cash payment, straight-line discount amortization and bond interest expense. Par maturity value Annual Rate Year Semiannual cash interest payment Par maturity value Bonds price Discount on Bonds Payable Semiannual periods Straight line discount amortization Semiannual cash payment Discount amortization Bond interest expense Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Prepare the first two years of an amortization table using the straight-line method. Carrying Value Semiannual Period- Unamortized End Discount 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 Record the first interest payment on June 30, 2017. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2017 Record the second interest payment on December 31, 2017. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017