Frye Company issued $700,000, 10%, 10-year bonds on January 1, 2017, at 105. Interest is payable annually on December 31. Frye uses the effective-interest method of amortization and has a calendar year end and the bonds were issued for an effective interest rate of 8% Prepare all journal entries made in 2017 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2017 Account Titles and Explanation Debit Credit Jan. 1 Dec. 31