2. On May 1, Mason Company issued $3,500,000,6% bonds for face value plus including accrued interest. Interest is payable semiannually on January 1 and July 1. Prepare the journal entries to record the May 1 bond issue and the July 1 interest payment (2 points) Date Account Titles Debit Credit 3. Greer Industries issued $6,000,000 of 6% debentures on May 1, 2019 and received cash totaling $5,513,346. The bonds pay interest semiannually on May 1 and November 1. The firm uses the effec- tive-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 8% Complete the following table indicating the total dollar amount of discount or premium amortization during the first year these bonds were outstanding. Show computations and round to the nearest dol- lar. (2 points) Amortization Table Carrying value Cash paid (A) Interest Expense (B) Amortization (A-B) Date November 1 May