Lorance Corporation ssued S831,000, 8% amertize bond premium or discount. 10-year bonds on January 1 2015 for 5776 948 Tis Prica resulted in an effective nterest ata of 9% on tha bonds interest Pa ab-sam annual y on July 1 and January 1 Lorance uses tha ect ve n arest method to Your answer is correct. Prapara tha journal antry to record the issuanca of the bonds.(Round answors to 0 decimal places, a.g. 15,250. Crodit account titlos are automatically indonted when amount is entered. Do not indont manually.) Date Account Titles and Bonds 405 1331.00 Your answer is partially correct. Try again. Prepare the journal entry to record the payment of interest and the discount amortization on July 1, 2015, asuming that interest was not accrued on June 30. (Round answers to 0 decimal places, e.g. 15,250 Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dale Account Titles and Debil Credi unt on Bonds Pa nterest Payable Your answer is partially correct. Try again. prepara the cuma an r to record the accrual o in arest and the discount amortization on December 31, 2015 manually.) Round answers o 0 decima places e g 15 250 Credit account titles are automatically indented when amount is atered. Do not indent Date Account Titles and E Debit Credi Dec. 31 linterest Payable 'O nt on Bonds Pa