E10-23 Hernandez $407,968. This price resulted in payable annually on January 1, Hernandez uses the effective-interest method to amortize interest, and amo Company issued $380.000.70 10-year bondson January 1. 2017, for Prapare journal en an effective-interest rate of6% on the bonds. Interest is issuance of bonds premium using e method. bond premium or discount. Instructions Prepare the journal entries (rounded to the nearest dollar) to record: (a) The issuance of the bonds. (b) The accrual of interest and the premium amortization on December 31, 2017. (c) The payment of interest on January 1, 2018. (LO 3, 6), AP