S9-5. Accounting for mortgages (Learning Objective 5) 10-15 min. Ling Company issued a $280,000,4 percent mortgage note on January 1,2018 , to purchase a building. Payments of $8,055 are made semiannually. Complete the following amortization schedule (partial) for Ling Company. Round to the nearest dollar. 9-11. Accounting for bonds (Learning Objective 5) 15-20 min. Allied Corp. issued 8 percent, five-year bonds payable at a price of $48,200 on January 1,2018 ; these bonds have a maturity value of $50,000. Journalize the following transactions for Allied Corp. Include an explanation for each entry. a. Issuance of the bond payable on January 1,2018. b. Payment of semiannual interest and amortization of bond discount on July 1, 2018. Use the straight-line method to amortize the discount