TB Problem 10-184 (Algo) Appendix B: Effective Interest Amortization of bond premium A company issued 10%,5-year bonds with a par value of $2,060,000, on January 1 . Interest is to be paid semlannually each June 30 and December 31 . The bonds were sold at $2,216,290 based on an annual market rate of 8%. The company uses the effective interes method of amortization. 1. Prepore an amortization table for the first two semiannual payment periods using the format shown below. 2. Prepare the journal entry to record the first semiannual interest payment. Enter answers in each of the following tabs. Prepare an amortization table for the first two semiannual payment periods using the following format. Note: Round your answers to 2 decimal pisces. Journal entry worksheet Record the first semiannual interest payment on June 30 . Note: Enter debits before credits