Concord Corporation issued $435,000, 9%, 20-year bonds on January 1, 2017, for $397,965. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable annually on January 1. Concord uses the effective-interest method to amortize bond premium or discount.

Prepare the schedule using effective-interest method to amortize bond premium or discount of Concord Corporation. (Round answers to 0 decimal places, e.g. 5,250.)

Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Discount Amortization		Unamortized Discount		Bond Carrying Value
Issue date		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places
1		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
2		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal place

Prepare the journal entry to record the issuance of the bonds. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2017	enter an account title to record the issuance of the bonds on January 1, 2017	enter a debit amount	enter a credit amount
	enter an account title to record the issuance of the bonds on January 1, 2017	enter a debit amount	enter a credit amount
	enter an account title to record the issuance of the bonds on January 1, 2017	enter a debit amount	enter a credit amount

Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2017	enter an account title to record the accrual of interest and the discount amortization on December 31, 2017	enter a debit amount	enter a credit amount
	enter an account title to record the accrual of interest and the discount amortization on December 31, 2017	enter a debit amount	enter a credit amount
	enter an account title to record the accrual of interest and the discount amortization on December 31, 2017	enter a debit amount	enter a credit amount

Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2018	enter an account title to record the payment of interest on January 1, 2018	enter a debit amount	enter a credit amount
	enter an account title to record the payment of interest on January 1, 2018	enter a debit amount	enter a credit amount