Supreme Autoparts Inc. issued $120,000 of 8%, 10-year bonds at a price of 84 on January 31, 2020. The market interest rate at the date of issuance was 11%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. 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. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) A Supreme Autoparts Amortization Table B Semi-annual Interest Date Jan. 31, 2020 Interest Payment Interest Expense (5.5% of Bond Discount (4% of Maturity Preceding Bond Carrying Amortization (B Value) Amount) -A) July 31, 2020 Jan. 31, 2021 D E Bond Discount Account Balance (Preceding D-C) Bond Carrying Amount ($120,000 -D) July 31, 2021 2. 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. Date Jan. 31, 2020 Accounts Debit Credit Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Date July 31, 2020 Accounts Debit Credit