Using a Discount Amortization Table (Straight Line) Panamint Candy Company crepared the following amortization table for $500,000 of 5-year, 9.2% bonds issued and said by Panamint on January 1, 2025, for $447,000 Discount Discount Cash Interest on Bonds on Bonds Payment Expense Payable Payable Carrying Period (Credit) (Debit) (Credit) Balance Value At issue $3,000 447,000 06/30/25 $23,000 $29,300 $5,300 47,700 452,300 12/31/25 06/20/26 23,000 28,300 5,300 42,400 457,500 12/31/26 23,000 28,300 23,000 28,300 06/30/22 23,000 28,300 5,300 5,300 5,300 37,100 463,000 12/31/27 06/30/2 12/31/20 23.000 28,300 23.000 28,300 23,000 28,300 15,900 31,800 468,200 26,500 473,500 5,300 21.200 478,000 5.300 404,100 5,300 10,600 489,400 06/30/29 12/31/29 Required: 23,000 28,300 5,300 5,300 494,700 23,000 28,300 5,300 0 500,000 1. Prepare the entry to recognize the sale of the bonds on January 1, 2025. If an amount box does not e 2025 Jan 1 Record issuance of bonds at discount 88 vire an entry, leave it blank 2. Prepare the entry to recognize the first interest payment on June 30, 2025. If an amount box does not require an entry, leave it blan 2025 June 30