Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.
1) Prepare the first two years of an amortization table using the straight-line method.
2) Prepare the journal entries to record the first two interest payments