Zappits Autoparts Inc. issued $150,000 of 6%, 10-year bonds at a price of 87 on January 31, 2017. The market interest rate at the date of issuance was 8%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Zappits' issuance of the bonds on January 31, 2017 and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. Explanations are not required. Bond Discount Interest Payment (3% of Maturity Value) Semi-annual Interest Date Interest Expense (4% of Preceding Bond Carrying Amount) Bond Discount Amortization (B-A) Account Balance Bond Carrying Amount ($150.000 -D) (Preceding D-C) Jan 31, 2017 July 31, 2017 Jan 31. 2018 July 31, 2018 2. Record Zappits' issuance of the bonds on January 31, 2017 and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. (Record debits first, then credits. Explanations are not required.) Start hy recording the ISSUANCA of bonds on January 31 2017 Zappits Autoparts Inc. issued $150,000 of 6%, 10-year bonds at a price of 87 on January 31, 2017. The market interest rate att date of issuance was 8%, and the standard bonds pay interest semi-annually 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Zappits' issuance of the bonds on January 31, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. Explanations are not required. 2. Record Zappits' issuance of the bonds on January 31, 2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. (Record debits first, then credits. Explanations are not required.) Start by recording the issuance of bonds on January 31, 2017 Journal Entry 2017 Accounts Credit Debit Jan 31 his Miror the naman nithe floteaminnilinianant aminton martistinn ni the hands on 2 2017 Zappits Autoparts Inc. issued $150,000 of 6%, 10-year bonds at a price of 87 on January 31, 2017. The market interest rate at the date of issuance was 8%, and the standard bonds pay interest semi-annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Zappits' issuance of the bonds on January 31, 2017 and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017. Explanations are not required. Now, record the payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2017 Journal Entry 2017 Accounts Debit Credit July 31