Lewis Corporation ved $460,000 of 8%. 10 year onde payable at proof. The market interest rate at the date of news and the bande peyirem seninly. The only to record the first payment using the effective interest mortization method is Date Dabar Credit 1472 20700 Date Debit Credit 10872 1472 18.400 Accounts and Explanation Interest Expense Dincourt on Bande Payable Cash Accounts and Explanation Interest Expense Discount on Bonds Payable Cash Accounts and Explanation Interest Expense Discount on Bonds Payable Cash Accounts and explanation Interest Expense Discount on Bonds Payable Cash Date Debit Credit 8.672 48,450 OD Cred Date 22,172 1.472 20.700