Supreme Autoparts Inc. issued $$190,000$ of $8\%,10-$year bonds at a price of $91$ on January $31,2020.$ The

market interest rate at the date of issuance was $10\%,$ and the standard bonds pay interest semi$-$annually.

Prepare an effective$-$interest amortization table for the bonds through the first three interest payments.

Record Supreme's issuance of the bonds on January $31,2020,$ and payment of the first semi$-$annual

interest amount and amortization of the bonds on July $31,2020.$ Explanations are not required.

Record Supreme's issuance of the bonds on January $31,2020,$ and payment of the first semi$-$annual

interest amount and amortization of the bonds on July $31,2020.($Record debits first, then credits.

Explanations are not required.$)$

Start by recording the issuance of bonds on January $31,2020.$

Now, record the payment of the first semi$-$annual interest amount and amortization of the bonds on July $31,$