Score Ltd. is authorized to issue $1,500,000 of 2%, 10-year bonds payable. On December 31, 2018, when the market interest rate is 8%, the company issues $1,200,000 of the bonds. Score amortizes bond discount using the effective-interest method. The semiannual interest dates are June 30 and December 31. Read the requirements Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is 5 Requirement 2. Prepare a bond amortization table for the first year of the bonds. (Round your answers to the nearest whole dollar.) Score Ltd. Amortization Table Interest Discount Expense Amortization Semiannual Interest Date Interest Payment Discount Account Balance Bond Carrying Amount Dec 31, 2018 Jun 30, 2019 Dec 31, 2019 Requirement 3. Record the issuance of the bonds payable on December 31, 2018; the first semiannual interest payment on June 30, 2019; and the second payment on December 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) Start by recording the issuance of the bonds on December 31, 2018 Journal Entry A Requirements Accounts Debit Credit Date Dec 31 [ 1. Use the PV function in Excel to calculate the issue price of the bonds. 2. Prepare a bond amortization table for the first year of the bonds. 3. Record the issuance of the bonds payable on December 31, 2018, the first semiannual interest payment on June 30, 2019, and the second payment on December 31, 2019. Record the first semiannual interest payment on June 30, 2019 Journal Entry Print Done Date Accounts Debit Credit June 30 L Record the second semiannual interest payment on December 31, 2019. Journal Entry Accounts Debit Credit Date Dec 31 L