Exercise 14-10 (Part Level Submission) On January 1, 2017, Monty Company sold 11% bonds having a maturity value of $610,000 for $683,065, which provides the bondholders with a 8% yield. The bonds are dated January 1, 2017, and mature January 1, 2022, with interest payable December 31 of each year. Monty Company allocates interest and unamortized discount or premium on the effective interest basis. (a) Your answer is correct. 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.) Dell Credit Date Account Titles and Explanation January 1, 2017 cash 683069 Bonds Payable 610000 73065 Premium on Bonds Payable yable Click if you would like to show Work for this question: Open Show Work 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 Interest Premium Expense Amortized 1/1/17 12/31/17 12/31/18 12/31/19 Click if you would like to show Work for this questions Open Show Work