I've got five of these correct but this general journal has me stumped. I have to prepare jounrla entries to record everything.

On January 1, 2016, Knorr Corporation issued $1,400,000 of 7%, 5-year bonds dated January 1, 2016. The bonds pay interest annually on December 31. The bonds were issued to yield 8%. Bond issue costs associated with the bonds totaled $21,540.76.

Required:

Prepare the journal entries to record the following:

January 1, 2016 Sold the bonds at an effective rate of 8%

December 31, 2016 First interest payment using the effective interest method

December 31, 2016 Amortization of bond issue costs using the straight-line method

December 31, 2017 Second interest payment using the effective interest method

December 31, 2017 Amortization of bond issue costs using the straight-line method

PAGE 2016 PAGE 2017 GENERAL JOURNAL Score: 32/193 DATE ACCOUNT TITLE POST. REF. DEBIT CREDITPAGE 2016 PAGE 2017 GENERAL JOURNAL Score: 32/193 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 Jan. 1 Cash 1,400,000.00 2 Discount on Bonds Payable 1,500,000.00 Bonds Payable 20,000,000.00 4 10