vork Saved Help Required information Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Universe of Fun issues $700,000, 7% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $652,434. Interest is paid semiannually on June 30 and December 31 Problem 9-6A Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value $ 1/1/2021 6/30/2021 12/31/2021 24,500 24,500 26.097 26,161 1,597 1,661 652.434 654,031 655,692 Required information Problem 9-6A Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Universe of Fun issues $700,000.7% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $652,434. Interest is paid semiannually on June 30 and December 31. Problem 9-6A Parts 2 & 3 2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2021. (If no journal entry is required for a particular transaction, select "No Journal Entry Required in the first account field. Round your answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet Debit No 1 Date January 01, 2021 Credit 700,000 $ General Journal Cash Discount on Bonds Payable Bonds Payablo 47,588 700.000 2 June 30, 2021 Interest Expense Discount on Bonds Payable Cash 26,097 1,597 24,500 mework Saved Required information nearest whole dollar amount.) View transaction list View journal entry worksheet No Date Dobit Credit 1 January 01, 2021 $ 700,000 General Journal Cash Discount on Bonds Payable Bonds Payable 47,566 700,000 2 June 30, 2021 Interest Expense Discount on Bonds Payable Cash 26,097 1,597 24,500 3 December 31 2021 26.161 Interest Expense Discount on Bonds Payable Cash 1.661 24,500