Hernandez Company issued $380,000, 7%, 10-year bonds on January 1, 2022, for $407,968. This price resulted in an effective- interest rate of 6% on the bonds. Interest is payable annually on January 1. Hernandez uses the straight-line method to amortize bond premium or discount. Prepare journal entries for the issuance of bonds, payment of interest, and amortization of premium using the straight-line method. Instructions Prepare the journal entries (rounded to the nearest dollar) to record: a. The issuance of the bonds. b. The accrual of interest and the premium amortization on December 31, 2022. c. The payment of interest on January 1, 2023