Exercise 10-22 Flint Corporation issued $445,000,8%, 20-year bonds on January 1, 2017, for $369,229. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable annually on January 1. Plint 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 Flint Corporation (Round answers to decimal places, e.g. 5,275.) Interest Periods Interest to Be paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date Prepare the journal entry to record the issuance of the bonds. (Round answers to when amount is entered. Do not indent manually.) decimal places, e.g. 5,275. Credit account titles are automatically indented Date Jan 1, 2017 Account Titles and Explanation Debit SHOW LIST OF ACCOUNTS VIDEO SIMILAR EXERCISE Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to Credit account titles are automatically indented when amount is entered. Do not indent manually.) decimal places, e.g. 5,275. Date Account Titles and Explanation Dec 31, 2017 Debit