Required information [The following information applies to the questions displayed below.] Ike issues $180,000 of 11%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $184,566 when the market rate is 10%. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. k Required information View transaction list Journal entry worksheet < 1 Record the issue of bonds with a par value of $180,000 on January 1, 2021 at an issue price of $184,566. t inces Note: Enter debits before credits. Date January 01 General Journal Debit Credit View general journal Record entry Clear entry 2. Complete the below table to calculate 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 3. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Interest Period-End 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Cash Interest Pald Bond Interest Expense Promium Amortization Unamortized Premium Carrying Value # 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet < 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 General Journal Debit Credit View general journal Record entry Clear entry 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet < 1 2 Record the second interest payment on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry