Exercise 14-9 (Part Level Submission) On June 30, 2017, Buffalo Company issued $3,000,000 face value of 13%, 20-year bonds at $3,225,689, a yield of 12%. Buffalo uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. (a) Your answer is partially correct. Try again. Prepare the journal entries to record the following transactions. (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.) (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 Titles and Explanation Debit Credit (1) June 30, 2017 Cash Bonds Payable Premium on Bonds Payable (2) December 31, 2017 interest Expense Premium on Bonds Payable I Cash ODOTTI 001 (3) June 30, 2018 interest Expense PE Premium on Bonds Payable Tcash (4) December 31, 2018 SHOW LIST OP ACCOUNTS 2.10 DA