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Exercise 9-88 Record bonds Issued at a discount (LO9-6) The following information applies to the questions displayed below On January 1, 2018. Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable sermannuoly on June 30 and December 31 each year Assuming the market interest rate on the issue date is 10%, the bonds will issue at S429676. References Exercise 9-8B Record bonds issued at a discount (L09-6) Section Break Required information value 5.00 points Exercise 9-8B Part 1 Required 1. Complete the first three rows of an amortization table. Cash Paid Interest Increase in Interest Carrying ExpenseC Increase i Carrying Value Date Value 429,676 6/30/18 12/31/18 Exercise 9-8B Part 2 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.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2018 Cash Bonds payable Premium on bonds payable Record entry Clear entry View general journal