F G H D L M N E O P O P 5 T V W B (5% of (6% of bond face carrying anount) ammount) Interest Interest Interest Premium Amortization (A-B) Unamortized Premium (D-C) Bond Carrying Amount ($250,000+D) Payment Paid Expense 1 2. 3 4 5 6 Journal entries 1st payment Interest Expense Premium on Bonds Payable Cash - 2nd payment Interest Expense Premium on Bonds Payable Cash Assume a $250.000. three-year, 12% bond that makes semiannual interest payments is sold for $262,689 when the market interest rate is 10%. Prepare an amortization table and make the journal entries to record the fast two interest payments