TB Ex Qu$.9-245($Algo$)$ On January $1,2024,$ a company issues...

On January $1,2024,$ a company issues $$400,000$ of $8\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $9\%,$ the bonds will issue at $$367,422.$

Required:

Complete the first three rows of an amortization schedule.

Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.$

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