Serenity Inc. is authorized to issue 5%, 10-year bonds payable On January 1 2016, when the market interest rate is 8%, the company issues S700 000 of the bonds The bonds pay interest semiannually (Cick the icon to view the Present Value of SI table ) Click the icon to vew the Pesent Vale of Annuity of $1 table (Click the con to ve w the Future Value of S1 table )(Click the conto ve the Future Value of Annuity of $1 table Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round al numbers to the nearest whole dollar.) Upon issuance of the bonds payable, the company received $ 481912 Requirement 2. Prepare an amortization table for the bond using the effective-interest method, through the frst two interest payments (Round all numbers to the nearest whole dollar) Interest Carrying Cash Paid Expense Amortized 01/01/2016 06/30/2016 12/31/2016 issuance of the bonds on January 1, 2016, and payment of the nrst semiannual interest amount and amortizaton of the bond on June 3. 30. 2016. Explanations are not required. (Record debits frst, tien credts ) Journalize the issuance of the bonds Debit Date Accounts Choose from any list or enter any number in the input fields and then continue to the next