The Gorman Group issued $900,000 of 13% bonds on June 30, 2018, for $967,707. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30 Requirec Complete the below table to record the company's journal entry 1. to 3. Prepare the journal entry to record their issuance by The Gorman Group on June 30, 2018, interest on December 31, 2018 and interest on June 30, 2019 (at the effective rate) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Calculation Req 1 to 3 Complete the below table to record the company's journal entry. (Round intermediate calculations and final answers to the nearest whole dollar. Enter interest rate to 1 decimal place. (i.e. 0.123 should be entered as 12.3)) December 31, 2018 Amount Total $967,707x $ 900,000x Interest Rate 6.0% 6.5% 58,062 58,500 438 Interest expense Cash Amortization of premium on bonds June 30, 2019 Amount Total $ 58,036 xx $ 900,000x Interest Rate 6.0% 6.5% 3,482 58,500 55,018 Interest expense Cash Amortization of premium on bonds Calculation Req 1 to 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below CalculationReq 1 to 3 Prepare the journal entry to record their issuance by The Gorman Group on June 30, 2018, interest on December 31, 2018 and interest on June 30, 2019 (at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) Date General Journal Debit Credit June 30, 2018 Cash 96770701 Premium on bonds payable Bonds payable 67,707 900,000 58,062 438 December 31, 201 Interest expense Premium on bonds payable Cash 58,500 58,0360 464 June 30, 2019 Interest expense Premium on bonds payable Cash 58,500 Calculation Req 1 to 3