ment Assignment Gradebook Downloadable eTextbook CALORATOR FULLSCREEN PRINTER VERSION RACK NEXT Problem 10-10A (Part Level Submission) On January 1, 2017, Grouper Corporation issued $1,660,000 face value, 5%, 10-year bonds at $1,420,817. This price resulted in an effective interest rate of 7% on the bonds. Grouper uses the effective interest method to amortize bond premium or discount. The bonds pay anual interest January 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2017, (Round answers to 0 decimal places, eg. 12% Credit account titles are automatically indented when amount in entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit Click if you would like to Show Work for this question Show Work 00 Attempts: 0 of 3 used SAVE FOR LATER