Exercise 14-10 On January 1, 2017, Sweet Company sold 12% bonds having a maturity value of $460,000 for $494,875, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2017, and mature January 1, 2022, with interest payable December 31 of each year. Sweet Company allocates interest and unamortized discount or premium on the effective-interest basis. 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Date Account Titles and Explanation Credit January 1, 2017 SHOW LIST OF ACCOUNTS Prepare a schedule of interest expense and bond amortization for 2017-2019. (Round answer to O decimal places, e.g 38,548. Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cash Carrying Interest Premiunm Date Paid Expense Amortized Amount of Bonds 12/31/17 12/31/18 12/31/19 SHOW LIST OF ACCOUNTS Prepare the journal entry to record the interest payment and the amortization for 2017. (Round answer to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Credit Account Titles and Explanation December 31, 2017 SHOW LIST OF ACCOUNTS Prepare the journal entry to record the interest payment and the amortization for 2019. (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.) Date Account Titles and Explanation Debit Credit December 31, 2019 Click if you would like to Show Work for this question: Open Show Work