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On December 31,2018, when the market interest rate is 10%, Willis Realty issues $1,000,000 of...

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Accounting

On December 31,2018, when the market interest rate is 10%, Willis Realty issues $1,000,000 of 11.25%,10-year bonds payable. The bonds pay interest semiannually. Willis Realty received $1,077,988 in cash at issuance.
Requirements
Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.)
Using the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments.
Requirement 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest periods. (Round to the nearest dollar.)
\table[[,Interest,\table[[Carrying],[Amount]]],[,Cash Paid,Expense,Amortized],[1231?2018
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