Culver Company issued $408,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1. Culver Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%. Prepare the journal entries to record the following. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds. (b) The payment of interest and related amortization on July 1, 2017. (c) The accrual of interest and the related amortization on December 31, 2017 Debit Credit Date 1/1/17 Account Titles and Explanation Cash 416,1 Bonds Payable T 408,000 Premium on Bonds Payable 8,160 7/1/17 Interest Expense Premium on Bonds Payable Cash T 20,400 12/31/17 Interest Expense 20,330 Premium on Bonds Payable Cash T 20,400 Click if you would like to Show Work for this question: Onen Show Work