This question has two parts. Thanks in advance for any assistance.
Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, Year 1, a company issues $440,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $402,252. Exercise 9-8B Part 1 Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar) Date Danh Paid Interest Expense Change in Carrying Value Carrying Value $ 1/1/Year 1 6/30 Year 1 12/31/Year 1 $ 313 19,800 $ 19,800 20,113 S 20.128 402 252 402.555 402,893 328 ! Required information Exercise 9-8B Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below) On January 1, Year 1, a company issues $440,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $402.252 Exercise 9-8B 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 intermediate and final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No General Journal Credit Date January 01 1 Cash Discount on Bonds Payable Bonds Payable Debit 402,252 37.748 440,000 2 June 30 20.113 Interest Experise Discount on Bonds Payable 313 19 AM Assuming the market interest rate on the issue date is 10%, the bonds will issue at $402,252. Exercise 9-8B 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 Decemt Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fiel your intermediate and final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No Dato General Journal Credit 1 January 01 Cash Discount on Bonds Payable Bonds Payable Debit 402,252 37.748 440,000 2 June 30 20,113 Interest Expense Discount on Bonds Payable Cash 313 19.800 3 December 31 20.128 Interest Expense Discount on Bonds Payable Cash 328 19,800