Recording Bond Entries and Preparing an Amortization Schedule- Effective Interest Method, Premium and the company uses the effective interest method to amortize bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first two years of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. June 30 of Year 1, interest payment. 3. December 31 of Year 1, interest payment. Note: Round amount to the nearest whole dollar. Recording Bond Entries and Preparing an Amortization Schedule- Effective Interest Method, Premium and the company uses the effective interest method to amortize bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first two years of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. June 30 of Year 1, interest payment. 3. December 31 of Year 1, interest payment. Note: Round amounts in schedule to the nearest whole dollar. Note: Do not use negative signs. and the company uses the effective interest method to amortize bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first two years of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. June 30 of Year 1, interest payment. 3. December 31 of Year 1, interest payment. Note: Round your answers to the nearest whole dollar