On June 30, 2010, the market interest rate is 4%. Score Sports Ltd. issues $800,000 of 5%, 30-year bonds payable at 117.38. The bonds pay interest on June 30 and December 31. Score Sports Ltd. amortizes bonds by the effective-interest method.

Requirements
1. Prepare a bond amortization table for the first four semiannual interest periods.
2. Record the issuance of bonds payable on June 30, 2010, the payment of interest on December 31, 2010, and the payment of interest on June 30, 2011.