Exercise 14-9 On June 30 2017, Marin Company issued $4,200,000 face value of 13% semiannual interest on June 30 and December 31 20-year bonds at $4,515 964, a yeld 0 1296 Ma n uses the errective interest method to a ortze b premium or discount The bonds , Your answer is partially correct. Try again. Prepare the journal entries to record the following transactions. (Round answer to 0 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 (1) The issuance of the bonds on June 30, 2017. (2) The payment of interest and the amortization of the premium on December 31, 2017. (3) The payment of interest and the amortization of the premium on June 30, 2018. (4) The payment of interest and the amortization of the premium on December 31, 2018 No. Date Account Tities and Explanation Debit Credit (1) June 30, 2017 Cash 4515964 Bonds Payable 4200000 Premium on Bonds Payable 315964 (2) December 31, 2017 Bond Issue Expense 270958 Premium on Bonds Payable 2042