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This question has 2 parts. Thanks in advamce for any assistance. ! Required information Exercise 9-9B Record bonds issued at a premium and related semiannual

This question has 2 parts. Thanks in advamce for any assistance. image text in transcribed
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! Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $460,000 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 7%, the bonds will issue at $502,303. Exercise 9-9B Part 1 Required: 1. Complete the first three rows of an amortization table. (Round your final answers to the nearest whole dollar) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/Year 1 6/30/Year 1 12/31/Year 1 Required information Exercise 9-9B Record bonds issued at a premium and related semiannual interest (L09-5) The following information applies to the questions displayed below) On January 1, Year 1, a company issues $460,000 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 7%, the bonds will issue at $502,303. Exercise 9-9B Part 2 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31 Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Note Enter debts before credits

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