On December 31, 2019, Price Company issued $1,850,000 of 12-year, 12% bonds for $1,545,000. These bonds were issued to yield an effective interest rate equal to the current market rate of 15%. The bonds pay interest on June 30 and December 31. Required: Journalize the entry to record the interest payment and the amortization of bond discount or bond premium on June 30, 2020. Note: Price Company uses the effective interest method of amortization of bond discount or bond premium. Round your responses to the nearest dollar. Date Account Title Debit Credit