Required Information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $650,000 of 5.0%. four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 , They are issued at $584,361 when the market rate is 8% Problem 10-4A (Algo) Port 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet 2 Record the interest payment and amortization on June 30. Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies fo the questions displayed below] Legacy issues $650,000 of 5.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $584,361 when the market rate is 8%. Problem 10-4A (Algo) Part 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on December 31. Noles Erite debils tefore oredits. Required Information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $650.000 of 5.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $584,361 when the market rate is 8%. Problem 10-4A (Algo) Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life. Required Information Problem 10-4A (Algo) Stroight-Line: Amortization of bond discount LO P2 The following information applies to the questions disployed below] Legacy issues $650,000 of 5.0%, fouryear bonds dated January 1,2021 , that pay interest semiannualy on June 30 and December 31 . They are issued at $584,361 when the matket rate is 8% Problem 10-4A (Algo) Pert 3 3. Prepare a straight-4ine amortization table for the bonds' first two years. Note: Round your intermediote and finol ontwers to the nearent whole dollor. Required Information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 tThe following information applies to the questions clisplayed below] Legacy issues $650.000 of 5.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $584,361 when the market rate is 8% Problem 10-4A (Algo) Part 1 Required: 1. Prepare the January 1joumai entry to record the bonds' issuence. Journal entry worksheet Record the issue of bonds with a par value of $550.000 cn January 1.2021 at an issue price of $584,361. Nital thiur deods Eefore uedats