Martinez Corp. issued $390,000, 8%, 20-year bonds on January 1, 2017, for $323,594. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable annually on January 1. Martinez uses the effective-interest method to amortize bond premium or discount. Prepare the schedule using effective-interest method to amortize bond premium or discount of Martinez Corp. (Round answers to 0 decimal places, e.g. 5,250.) Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamor Disco Interest Periods Issue date $ $ $ $ 1 2 Unamortized Discount Bond Carrying Value $ $ $ Prepare the journal entry to record the issuance of the bonds. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2017 Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31, 2017 Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2018