Effective Interest Amortization On December 31, 2011, Echo, Inc., issued $800,000 of 11%, 10-year bonds for $768,000, yielding an effective interest rate of 12%. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount. Required a. Prepare an amortization schedule showing the necessary information for the first two interest periods. Round amounts to the nearest dollar. b. Prepare the journal entry for the bond issuance on December 31, 2011. c. Prepare the journal entry to record bond interest expense and discount amortization at June 30, 2012. d. Prepare the journal entry to record bond interest expense and discount amortization at December 31, 2012. a. Year Interest Period Interest Paid Interest Expense Periodic Amortization Balance of Unamortized Discount Book Value of Bonds End of Period at issue $Answer $Answer $Answer $Answer $Answer 1 1 Answer Answer Answer Answer Answer 2 Answer Answer Answer Answer Answer General Journal Date Description Debit Credit b. Dec.31 Cash Answer Answer Answer Answer Answer Answer Answer Answer To record issuance of bonds. c. Jun.30 Answer Answer Answer Answer Answer Answer Cash Answer Answer To record semiannual interest payment and discount amortization. d. Dec.31 Answer Answer Answer Answer Answer Answer Cash Answer Answer To record semiannual interest payment and discount amortization. Check