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On January 1, 2021, a compary issues $740,000 of 8% bonds, due in tweive years,...

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Accounting

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On January 1, 2021, a compary issues $740,000 of 8% bonds, due in tweive years, with interest payable semlannually an June 30 and December 31 each yeat. Assuming the market interest rate on the issue date is 9%, the bonds will issue at 5686.366. Required: 1. Fill in the blanks in the amortization schedule below. (Round your answers to the nearest dollar amount. Enter all amounts as positive values.) 2. Record the bond issue on January 1, 202t, and the tirst two semi-annual interest payments on June 30, 202t, and Decenber 3t. 2021. (If no entry is required for a particular transactionfevent, select "No Journal Entry Required" in the fint account field. Round your answers to the nearest dollar amount.) Journal entry worksheet 23 Record the bond issue on Januarx 1, 2021

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