Required information [The following information applies to the questions displayed below.) Part 1 of 4 Ike issues $150,000 of 11%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $153,805 when the market rate is 10%. 2.08 points Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. eBook ! Required information View transaction list Part 1 of 4 Journal entry worksheet 1 2.08 points Record the issue of bonds with a par value of $150,000 on January 1, 2021 at an issue price of $153,805. eBook Print References Note: Enter debits before credits. Date General Journal Debit Credit January 01 10 Required information (The following information applies to the questions displayed below.] Part 2 of 4 Ike issues $150,000 of 11%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $153,805 when the market rate is 10%. 2.08 points 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. eBook Print References 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 3. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) eBook Print References Semiannual Interest Period-End Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 3. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) eBook Print References Semiannual Interest Period-End Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Journal entry worksheet 2.12 points Record the first interest payment on June 30. eBook Print References Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Journal entry worksheet 2.12 points Record the second interest payment on December 31. eBook Print References Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal