Recording Bond Entries and Preparing an Amortization Schedule- Effective Interest Method, Discount, Interest Accrual bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first year of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1, bond issuance. 2. July 1 of Year 1 , interest payment. 3. December 31 of Year 1, interest accrual. 4. January 1 of Year 2, interest payment. (No reversing entries made.) Note Round amount to the nearest dollar. Recording Bond Entries and Preparing an Amortization Schedule- Effective Interest Method, Discount, Interest Accrual bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first year of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. July 1 of Year 1, interest payment. 3. December 31 of Year 1, interest accrual. 4. January 1 of Year 2, interest payment. (No reversing entries made.) Note: Round amounts in Schedule to the nearest whole dollar. Note: Do not use negative signs. Recording Bond Entries and Preparing an Amortization Schedule- Effective Interest Method, Discount, Interest Accrual bond discounts or premiums. Required a. Determine the selling price of the bonds. b. Prepare an amortization schedule for the first year of the bond term. c. Prepare journal entries on the following dates. 1. January 1 of Year 1 , bond issuance. 2. July 1 of Year 1 , interest payment. 3. December 31 of Year 1, interest accrual. 4. January 1 of Year 2, interest payment. (No reversing entries made.) Bond Selling Price Amortization Schedule Journal Entries Note: Round vour answers to the nearest whole dollar