Question: A partial bond amortization schedule for $1.74-million, 5-year bonds is presented below: Fill in the missing words or amounts. Semi-Annual Interest Period Interest PaymentExpenseDiscount Interest

A partial bond amortization schedule for $1.74-million, 5-year bonds is presented below:

Fill in the missing words or amounts.

Semi-Annual Interest Period Interest PaymentExpenseDiscount Interest DiscountPaymentExpense PaymentDiscountExpense Amortization Bond Amortized Cost
Issue Date $1,709,368
1 (Apr. 30) $34,800 $ $7,934 $1,717,302
2 (Oct. 31) $34,800 $42,933 $ $

What is the bonds face value?

What is the bonds' contractual interest rate? The market interest rate?

Prepare the journal entries for the first two interest payments.

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