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Specialty Autoparls Inc. issued $110,000 of 9%, 10-year bonds at a price of 91 on January 31, 2020. The market interest rate at the date of issuance was 11%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Specialty's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Specialty Autoparts Amortization Table D E Bond Discount Interest Payment (4.5% of Maturity Value) Semi-annual Interest Date Interest Expense (5.5% of Preceding Bond Carrying Amount) Bond Discount Amorlization Account Balance (Preceding D-C) Bond Carrying Amount ($110,000 -D) 4950 5506 556 Jan. 31, 2020 July 31, 2020 Jan. 31, 2021 July 31, 2021 49501 5536 586 4950 5568 818 2. Record Specially's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31, 2020. Journal Entry 2020 Accounts Debit Credit Jan

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