CALCULATOR BACK NEXT Problem 10 10A (Part Level Submission) On January 1, 2017, Groupes Corporation issued $1,660,000 face value, 5%, 10 year bonds at $1,426,817. This price resulted in an effective interest rate of 7% on the bonds. Grouper uses the effective interest method to amortize bond premam or discount. The bonds pay annual interest January 1. 1(c) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Round answers to 0 decimal places, eg. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cnt 1426617 Dun Ponds Payable 233183 1560000 Click if you would like to Show Work for this question Open Show Work