1. effectiveto Sustend Company red $340,000, 10-year bonds en January 1, 2020, for $360,001. This price resulted in an effective-Interest rate of 7% on the bonds. Interest is payable anualy on January Prepare the Journal entry to record the source of the bends. (nound answers to decimal places, ep. 16,250. Create account titles are automatically indented when amount de Det Date Accountries and Explanation Jan 1 Credit dy BOWLINT OF ACCOUNTS Prepare the journey to record the core of interest and the promum amortion on December 31, 2020. (Round neverite decimal 158 Credit accountitles are automatically inted when amount interd, Bent infant may Date Account Tities and Explanation Debut Credit Dec 31