Question: Part 1 is correct, I just need help with part 2 Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest

 Part 1 is correct, I just need help with part 2

Required information Exercise 9-8A Record bonds issued at a discount and related

semiannual interest (LO9-5) [The following information applies to the questions displayed below.)

On January 1, 2021, Splash City issues $310,000 of 9% bonds, due

in 20 years, with interest payable semiannually on June 30 and December

Part 1 is correct, I just need help with part 2

Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $310,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $283,405. Exercise 9-8A Part 1 Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/21 6/30/21 12/31/21 $ 220 13,950 13,950 $14,170 $ 14,181 $ 283,405 283,625 283,857 231 Required information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $310,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $283,405. Exercise 9-8A Part 2 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No General Journal Debit Credit 1 Date January 01, 2021 Cash Bonds Payable 283,405 283,406 2 June 30, 2021 14,170 Interest Expense Cash 13,950 3 December 31 2021 Interest Expense 14,181 Cash 13,950 View transaction list Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. Credit Date General Journal January 01, 2021 Cash Bonds Payable Debit 283,405 283,405 Record entry Clear entry View general journal Journal entry worksheet 2 3 Record the first semiannual interest payment. Note: Enter debits before credits. General Journal Credit Date June 30, 2021 Debit 14,170 Interest Expense Cash 13,950 Record entry Clear entry View general journal Journal entry worksheet

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