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On January 1, 2018, White Water issues $520,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $578,230. Required: 1. Complete the first three rows of an amortization table. 2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Cash Paid 1/1/2018 6/30/2018 21/31/18 Interest Expense 13000 13000 Decrease in Carrying Value 11565 11535.892 1435 1464 Carrying Value 578230 576795 575330 Cash Paid 1/1/2018 6/30/2018 21/31/18 Interest Expense 13000 13000 1 Decrease in Carrying Value 11565 11536 DR 1435 1464 CR Cash Disocunt on issue Bond Payable 578320 2 Interest expense discount on issue Cash 11565 1435 3 Interest expense discount on issue Cash 11536 1464 58320 520000 13000 13000 Carrying Value 578230 576795 575330 Cash Paid 1/1/2018 6/30/2018 21/31/18 Interest Expense 13000 13000 1 Decrease in Carrying Value 11565 11536 DR 1435 1464 CR Cash Premium on issue Bond Payable 578320 2 Interest expense Premium on issue Cash 11565 1435 3 Interest expense Premium on issue Cash 11536 1464 58320 520000 13000 13000 Carrying Value 578230 576795 575330 On January 1, 2018, White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $444,793. 2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Cash Paid 1/1/2018 6/30/2018 21/31/18 Interest Expense 13000 13000 1 Decrease in Carrying Value 11565 11536 DR 1435 1464 CR Cash Premium on issue Bond Payable 578320 2 Interest expense Premium on issue Cash 11565 1435 3 Interest expense Premium on issue Cash 11536 1464 58320 520000 13000 13000 Carrying Value 578230 576795 575330 On January 1, 2018, White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $444,793. 2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)