Question: On January 1 , 2 0 2 4 , a company issues $ 8 0 0 , 0 0 0 of 8 % bonds, due

On January 1,2024, a company issues $800,000 of 8% bonds, due in twelve years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $742,017.
Required:
1. Fill in the blanks in the amortization schedule below:
2. Record the bond issue on January 1,2024, and the first two semiannual interest payments on June 30,2024, and December 31,2024.

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