On November 1, 2021, Dual Systems borrows $250,000 to expand operations. Dual Systems signs a six-month, 8% promissory note, Interest is payable at maturity, Dual System's year-end is December 31 1..2. & 3. Record the following transactions for the note payable by Dual Systems. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 Record the issuance of the note by Dual Systems Note: Enter debits before credits General Journal Debit Credit Date Nov 01, 2021 Record entry Clear entry View general journal On January 1, 2021, a company issues $710.000 of 8% bonds, due in nine years, with interest payable semiannually on June December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $756.823 Required: a. Fill in the blanks in the amortization schedule below (Round your answers to the nearest dollar amount.) Cash Paid Interest Expense Change in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 Carrying Value $ 576,823 754.912 752,934 $ 28,400 s 28,400 26.489 $ 26.422 1,911 1,978 b. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and Decembe 2021 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. your answers to the nearest dollar amount.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 710,000 January 01, 2021 Cash Discount on Bonds Payable Bonds Payable 0 710,000 2 June 30, 2021 26.489 Interest Expense Discount on Bonds Payable Cash 1,011 28,400