Required Information [The following Information applies to the questions displayed below.] Legacy Issues $670,000 of 6.0%, four-year bonds dated January 1, 2021, that pay Interest semiannually on June 30 and December 31. They are Issued at $624,896 when the market rate is 8%. Required: 1. Prepare the January 1 Journal entry to record the bonds' Issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $670,000 on January 1, 2021 at an issue price of $624,896. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general Journal ! Required Information [The following Information applies to the questions displayed below.] Legacy Issues $670,000 of 6.0%, four-year bonds dated January 1, 2021, that pay Interest semiannually on June 30 and December 31. They are Issued at $624,896 when the market rate is 8%. 2. Determine the total bond Interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: Total repaid payments of Par value at maturity Less amount borrowed Total bond interest expense 0 0 Required Information [The following Information applies to the questions displayed below.) Legacy Issues $670,000 of 6.0%, four-year bonds dated January 1, 2021, that pay Interest semiannually on June 30 and December 31. They are Issued at $624,896 when the market rate is 8%. 3. Prepare a straight-line amortization table for the bonds' first two years. (Round your Intermediate and final answers to the nearest whole dollar) Semiannual Period-End 01/01/2021 08/30/2021 12/31/2021 08/30/2022 12/31/2022 Unamortized Discount Carrying Value Required Information [The following Information applies to the questions displayed below] Legacy Issues $670,000 of 6.0%, four-year bonds dated January 1, 2021, that pay Interest semiannually on June 30 and December 31. They are Issued at $624,896 when the market rate is 8%. Prepare the Journal entries to record the first two Interest payments. View transaction llet Journal entry worksheet < 1 2 Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date June 30 General Journal Debit Credit Mew general Journal Record entry Clear entry