Dashboard Technologies Ltd$.$ issued bonds with a face value of $$56,000,000$ that mature in $15$ years. The bonds carry a $6\mathrm{.}0\%$ interest rate and are sold at $105\mathrm{.}06$ to yield $5\mathrm{.}50\%.$ The bonds pay interest semi$-$annually.

Complete the first four payments of the bond amortization schedule below: $($Round answers to O decimal places, e$.$g$.125.)$Date

Interest Payment

Interest Expense

Amortization of Bond Premium

Balance Bond Prem

$

$5$

$

$

Issuance

$1\mathrm{.}680,000$

$1617\mathrm{.}924$

$62\mathrm{.}076$

Payment $1$

Payment $2$

$1,680,000$

Payment $3$

$1\mathrm{.}680,000$

Payment

$1,680,000$Question $6$ of $8$

$-/$

Show the journal entry to record payment $4$ on these bonds. Ignore year$-$end accruals of interest. $($Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Round ariswers to O decimal places, eg $125.)$

Account Titles and Explanation

Debit

Credit

$<$

$>$

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