- Required information Problem 10-4A Straight-Line: Amortization of bond discount LO P2 The following information applies to the questions displayed below! Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12% DuelloAAAAN Problem 10-4A Part 2 2. Determine the total bond interest expense to be recognized Total bond interest expense over life of bonds: Amount repaid: 8 payments of $ 24,225 $ Par value at maturity Total repaid Less amount borrowed 193,800 570,000 763,800 645 669 Total bond interest expense $ 118.131 i Saved Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that December 31. They are issued at $508,050 when the market rate is 12%. Problem 10-4A Part 3 3. Prepare a straight-line amortization table for the bonds' first two years. Semiannual Period- Unamortized End Discount 01/01/2019 Carrying Value 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Required information Journal entry worksheet 1 2 Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Required information Journal entry worksheet N Record the interest payment and amortization on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31