Monty Corp. issued $ 395,000, 796, 20-year bonds on January 1, 2017, for $ 322,883. This price resulted in an effective-interest rate of 9% on the bonds. Interest is payable annually on January 1. Monty 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 Monty Corp.. (Round answers to 0 decimal places, eg. 5,250) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ List of Accounts Prepare the journal entry to record the issuance of the bonds. (Round answers to O decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1,20171 List of Accounts