Legacy issues $335,000 of 6%, four-year bonds dated January 1, 2009, that pay interest semiannually on June 30 and December 31. They are issued at $277,400 and their market rate is 9% at the issue date.

Requirement 1:
Prepare the January 1, 2009, journal entry to record the bonds' issuance.

Requirement 2:
Determine the total bond interest expense to be recognized over the bonds' life.

Requirement 3:
Prepare an effective interest amortization table for the bonds' first two years like the one in the link below

http://mh2.brownstone.net/web/WiFiAnMa001/Public_Html/ch10/Exhibit_10_B1.JPG

Requirement 4:
Prepare the journal entries to record the first two interest payments