Exercise 14-10 On January 1, 2017, Au mont Company sold 12 bonds having a maturity value of $500,000 for $537 907, which provides the bondholders with a 10% y eli The bonds are i ted an a y 1, 2017, and mature January 1, 2022, with interest payable December 31 of each year. Aumont Company allocates interest and unamortized discount or premium on the effective-interest basis. Your answer is partially correct. Try again. Prepare the journal entry at the date of the bond issuance. (Round 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.) 11834 Credit January 1, 201 ash 537,907 Bonds Payable 500,000 Premium on Bonds Payable 37907.37