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 $630,000 of 9.0%, four-year bonds dated January 1, 2021.that pay interest semiannually on June 30 and December 31. They are issued at $571.310 when the market rate is 12%. Journal entry worksheet 1 Record the issue of bonds with a par value of $630,000 on January 1, 2021 at an issue price of $571,310. Note: Enter debits before credits. Debit Credit General Journal Date January 01 View general journal Clear entry Record entry 2. Determine the total bond interest expense to be recognized over the bonds' life. nt 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 ences $ 0 3. Prepare a straight-line amortization table for the bonds' first two year whole dollar.) Semiannual Period-End Unamortized Discount Carrying Value 01/01/2021 06/30/2021 es 12/31/2021 06/30/2022 12/31/2022 Journal entry worksheet 2 eBook Record the interest payment and amortization on June 30. ASK Print Note: Enter debits before credits Debit Credit Date General Journal June 30 eferences View general journal Clear entry Record entry Journal entry worksheet eBook