What I have filled in is correct, I just can't figure out how to use the effective-interest bond amortization method.

pter 10 - Homework Assignment Help On January 1, 2018, Surreal Manufacturing Issued 660 bonds, each with a face value of $1,000, a stated Interest rate of 3 percent pald annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond Issue were $641,687. Surreal uses the effective interest bond amortization method and adjusts for any rounding errors when recording Interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 101. Journal entry worksheet Record the interest payment on December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2018 Interest Expense Cash 19,800 Discount on Bonds Payable FI Record entry Clear entry View general journal Journal entry worksheet SS ......... Record the payment on December 31, 2019. D ebit Credit Note: Enter debits before credits. Date General Journal Dec 31, 2019 Interest Expense Cash Discount on Bonds Payable 19,80 v / Record entry View general Journal Journal entry worksheet