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Required information Exercise 9-148 Record bonds issued at a discount and related annual interest (LO9-5) [The following information applies to the questions displayed below) On January 1, Year 1, a company issues $460,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year, Assuming the market interest rate on the issue date is 6%, the bonds will issue at $415,326. Exercise 9-14B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/Year 1 12/31/Year 1 12/31/Year 2 Exercise 9-14B Record bonds issued at a discount and related annual interest (LO9-5) The following information applies to the questions displayed below) On January 1, Year 1, a company issues $460,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $415,326. Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31, Year 2. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction lit Journal entry worksheet 1 2 3 Record the bond issue. Note: Enter debits before credits Debit Credit General Journal Date January 01 Required information 2. Record the bond issue on January 1, Year 1 and the first two interest payments on December 31, Yeart, and December 31, Year 2.0 no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the first annual interest payment Note: Enter debits before credits General Journal Debit Credit Date December 31 View general Journal Record entry Clear entry Journal entry worksheet Record the second annual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal