4. On Jan. 1, 2017, UMPI, Inc. issued $600,000 of 10% bonds, due in 10 years. The bonds pay interest semi- annually on July 1 and January 1. The bonds yield 12%. UMPI uses the effective-interest method. Prepare UMPI's journal entries for a thru c. A. The January 1 issuance B. The July 1 interest payment C. The December 31 adjusting journal entry D. Prepare the first 6 lines of the Schedule of Bond Discount/Premium Amortization