Question: ent CALCULATOR FULL SCREEN PRINTE R VERSIONBACK Exercise 10-23 Hernandez Company issued $380,000 7% 10-year bonds on January 1, 2017, for S407,968 This price resulted

issued $380,000 7% 10-year bonds on January 1, 2017, for S407,968 This

ent CALCULATOR FULL SCREEN PRINTE R VERSIONBACK Exercise 10-23 Hernandez Company issued $380,000 7% 10-year bonds on January 1, 2017, for S407,968 This price resulted in an effective interest rate o 6% on the bonds. Interest is payable annually on January 1. Hernandez uses the effective-interest method to amortize bond premium or discount. Prepare the schedule using effective-interest method to amortize bond premium or discount of Hernandez Company, (Round answers to o decimal places, e.g. 125.) InterestInterest to Interest Expense Premium Unamortized Periods Bond Be Paid to Be Recorded Amortization PremiumCarrying Value Issue date$ 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 Jan. 1, 2017 DebitCredit

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