On June$30,2020,$ the market interest rate is $5\mathrm{.}1\%.$ Enderby Enterprises issues $$515,000$ of $6\mathrm{.}1\%,18-$year bonds at $113\mathrm{.}944.$ The bonds pay interest on June $30$ and December $31.$ Enderby amortizes bonds by the$$ effective$-$interest method.

Requirements

$1.$

Prepare a bond amortization table for the first four$$ semi$-$annual interest periods.

$2.$

Record issuance of the bonds on June$30,2020,$ the payment of interest at December$31,2020,$ and the$$ semi$-$annual interest payment on June$30,2021.$