Blackboard Homework 14-4 EX Sportswear Corporation issued $6,000,000 of 8% bonds on October 1, 2017, due on October 1 2022. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Sportswear Corporation closes its books annually on December 31. Sportswear uses the effective-interest method. M+ hy we need Mt late Instructions: In the space provided on the next few pages, prepare all necessary journal entries for the years 2017 and 2018