Brief Exercise 10-17 Shamrock, Inc. issues $3.5 million, 10-year, 8% bonds at 104 with interest payable on January 1. The straight line method s used to amortize bond premium Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2017, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit