shows your res unta w was more correctno in cori Tom your Wookie Company issues 6%, five-year bonds, on January 1 of this year with a par value of $98,000 and semiannual interest payments semiannual Period-End Un amortized Premium (0) Carrying Value January 1, Issuance $8,071 (1) June 30, first payment $106,071 7.264 105,264 (2) December 31, second payment 6, 457 104,457 ded 12 Use the above straight-line bond amortization table and prepare Journal entries for the following (a) The issuanfe of bonds on January 1, (b) The first interest payment on June 30. (c) The second interest payment on December 31. Credit No 1 Date January 01 Debit 106,074 General Journal Cash Premium on bonds payable Bonds payable OOO 8,074 98,000 2 June 30 2,133 807 Bond interest expense Premium on bonds payable Cash 2,940 3 December 31 2,133 B07 Bond interest expense Premium on bonds payable Cash OOO 2.940 Quatro Co. issues bonds dated January 1, 2019, with a par value of $900,000. The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $947,165. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare a straight-line amortization table for these bonds. od Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a straight-line amortization table for these bonds. (Round your intermediate calculations to the nearest dollar amount.) Semiannual Interest Period End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Unamortized Carrying Premium Value $ 47,165 $ 947.165 40,052 940,052 32.654 3 932,654 3 24.950 924,960 16,9583 916,958 9,098 909,098 0 900,000