10 2 points ebook Problem 14-2A Allocating bond interest and amortizing a bond discount LO4, 5 Banjo Education Corp. issued a 4%, $70,000 bond that pays interest semiannually each June 30 and December 31. The date of Issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banjo Education Corp.'s year-end is December 31. Use TABLE 14A1 and TABLE 14A.2 (For all the requirements, Use appropriate factor(s) from the tables provided.) Required: Preparation Component: 1. Calculate the issue price of the bond. (Round the final answer to the nearest whole dollar.) Pent Issuo price of the bond References 2 2. Prepare a general journal entry to record the issuance of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole doller.) 10 points View transaction list eBook Print References Journal entry worksheet < 1 Record the sale of bonds on original issue date. Note: Enter debits before credits. Date January 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal 10 2 points 3. Determine the total bond interest expense that will be recognized over the life of these bonds. (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Total bond interest expense ebook Print References 4. Prepare the first two years of an amortization table based on the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Period Interest Paid. Expense Discount Amort Unamortized Discount Carrying Value Jan 1/201 June 30/201 Dec 31/20 June 30/21 Dec. 31/21